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Schedule H Form 1040 Household Employment Taxes

Schedule H Form 1040 Household Employment Taxes

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hi I'm Linda with tax TV here with some insight about household employees did you know that if you hire a maid or babysitter you may be responsible for withholding Social Security and Medicare taxes for them if they're classified as a household employee you may in fact be required to withhold such taxes a household employee includes housekeepers maids babysitters caregivers and others who work as employees in your residence these people may be employees if you control not only the work performed but also how they do it it doesn't matter whether the worker is paid hourly daily weekly or by the job repairmen plumbers and other business people aren't typically employees but rather independent contractors if you paid more than $1,700 in 2011 to a household employee you generally must withhold Social Security and Medicare taxes from all cash wages paid to do this withhold 5.65 percent from each payment made in 2011 and pay that amount to the IRS with an addit

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