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Reply to "Tax question - hiring my mom for childcare, and pay her with FSA money?"
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[quote=Anonymous][quote=Anonymous]Hi there, Does anyone have info on whether I can hire my mom for childcare, and pay her with FSA money? I know I'd have to pay social security on her, and she would have to claim it as income (not a problem, as she is a senior and has very little income). I assume this is a net benefit because I wouldn't pay income taxes (my AGI is 220K a year). Am I thinking about this right? I'd also have to pay DC unemployment taxes, I know. Anyone done this? Thanks for any thoughts. [/quote] Are you prepared to pay her minimum wage for all he hours she provides childcare? If she provided 40 hours a week, that would be over $20 k a year, of which both of you have to pay SS, which in total would exceed any tax savings from the FSA. Does she currently received SS? If so, if she exceeds the minimal income limit she will start to lose benefits. [/quote]
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