the nanny state

If You've Got A Nanny, The IRS Has A Tax For You

If You've Got A Nanny, The IRS Has A Tax For You

You may not think of yourself as an employer just because you have someone drop by the house to watch your kids, but the Internal Revenue Service sees things differently. Many parents are taken by surprise by the “nanny tax,” which requires parents to pay FICA and FUTA taxes. [More]