Recalculate Your Nanny's Paycheck Withholding!

[webbkathy]

Everyone's payroll withholding is going up, primarily due to the expiration of the so-called "Payroll Tax Holiday."

Our calculator tool is fully updated with all 2013 tax rates. Our blog post has a quick FAQ as well as a link to the calculator tool: http://www.info.4nannytaxes.com/blog-0/bid/93716/2013-Nanny-Payroll-Tax-Calculator-Fully-Updated

Happy 2013!

[Anonymous]

I know! I felt awful breaking the news. Our nanny is passed the stage of large percentage raises, so her paycheck pretty much stayed the same. I know she "knows" she got a raise, but she didn't realize she wouldn't see any of it.

[Anonymous]

Past the stage, that is

[Anonymous]

Been with my current nanny family for 2 1/2 years and never seen a raise so it sucks big time for me to take a hit to my paycheck.

[Anonymous]

MB here, nannies just remember we took a hit too...

[Anonymous]

The difference is that MB's can afford a tiny hit and most nannies cannot afford the hit. I know that I really will have a hard time if it amounts to a lot of money lost having never gotten a raise. It would be difficult for me to also want to stick with a job where I am now essentially taking home less. MB acknowledges that I deserve a raise but just won't give one so that they can keep up with their posh lifestyle. Time for me to look for a new job where this hit to my paycheck won't really be noticed.

[Anonymous]

Anonymous wrote:The difference is that MB's can afford a tiny hit and most nannies cannot afford the hit. I know that I really will have a hard time if it amounts to a lot of money lost having never gotten a raise. It would be difficult for me to also want to stick with a job where I am now essentially taking home less. MB acknowledges that I deserve a raise but just won't give one so that they can keep up with their posh lifestyle. Time for me to look for a new job where this hit to my paycheck won't really be noticed.

Have you actually done the math to see what the difference will be in your paycheck? It's only a 2% difference. In my case it was less than $20/week. If people can't absorb a loss of $20/week they really need to take a look at their budget and figure out a way to live more within their means. No one should be living right down to the last penny of their paycheck. (And before people flame me for that statement I realize there are millions of people making minimum wage who do live that way...I am not referring to that group of people) Everyone (employers and nannies) will feel the difference, but if people are budgeting the way they should be the adjusted tax won't be devastating.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The difference is that MB's can afford a tiny hit and most nannies cannot afford the hit. I know that I really will have a hard time if it amounts to a lot of money lost having never gotten a raise. It would be difficult for me to also want to stick with a job where I am now essentially taking home less. MB acknowledges that I deserve a raise but just won't give one so that they can keep up with their posh lifestyle. Time for me to look for a new job where this hit to my paycheck won't really be noticed.

Have you actually done the math to see what the difference will be in your paycheck? It's only a 2% difference. In my case it was less than $20/week. If people can't absorb a loss of $20/week they really need to take a look at their budget and figure out a way to live more within their means. No one should be living right down to the last penny of their paycheck. (And before people flame me for that statement I realize there are millions of people making minimum wage who do live that way...I am not referring to that group of people) Everyone (employers and nannies) will feel the difference, but if people are budgeting the way they should be the adjusted tax won't be devastating.

There are plenty of nannies, unfortunately, living on minimum wage.