Reply to Can someone explain to me how a live-in nanny situation works?

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[quote=Anonymous]The value of the rent is not a taxable benefit is being a live in is a requirement of the job. This is important for both you and your nanny from a tax standpoint. If you charge her rent then she is paying that rent after taxes which hits her and you would be taxed on the rental income which hits you.

Live in nannies in this area make between $400-$600 a week for up to around 50 hours. She should have a private room and preferably her own bathroom. Live-ins are usually provided food but not an unlimited debit card at the grocery store. Most arrangement involve inviting the live in to share family meals, add some of her favorite things to the grocery list etc. If she wants something expensive, wants to eat out, wants to stock her own food this is up to her. She would cover her own personal things like shampoo etc, you would supply laundry detergent and other bulk shared things.

Un-like au pairs, allowing a live-in to use the family care as a personal car on off hours is not as common. [/quote]

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