Anonymous
06/12/2013 01:49
Subject: Question about nanny taxes
If she is going to pay you on the books, I suggest she take ALL of the taxes out herself thus making it easier for you.
Anonymous
06/10/2013 23:58
Subject: Re:Question about nanny taxes
It isn't (much) more work for her to withhold your state and federal taxes at the same time as she's withholding SS and Medicare so you should look into how that is done (google: household employer withhold federal taxes) then go back to her, be able to explain to her how it is done, and request that she do it.
If she absolutely will not (which is weird and would put me off the job), you'll need to save every week in a special "for my taxes" savings account. I don't know what your tax bracket is so it's impossible to say how much it will cost you, but you can look it up on a tax estimator calculator (like http://www.calcxml.com/calculators/federal-income-tax-calculator) and make sure to save a little more than that just in case.
Your employers are not required to "help" you with your state and federal taxes. Most people have them taken out before they are even paid - so your $600 paycheck would be more like $532.74 for someone having taxes withheld. That's life in a country with paved roads, emergency services, and public schools. If your after-tax income isn't enough to support yourself, you'll need to negotiate a better hourly wage, find a new job, or take on additional work unfortunately.
If she absolutely will not (which is weird and would put me off the job), you'll need to save every week in a special "for my taxes" savings account. I don't know what your tax bracket is so it's impossible to say how much it will cost you, but you can look it up on a tax estimator calculator (like http://www.calcxml.com/calculators/federal-income-tax-calculator) and make sure to save a little more than that just in case.
Your employers are not required to "help" you with your state and federal taxes. Most people have them taken out before they are even paid - so your $600 paycheck would be more like $532.74 for someone having taxes withheld. That's life in a country with paved roads, emergency services, and public schools. If your after-tax income isn't enough to support yourself, you'll need to negotiate a better hourly wage, find a new job, or take on additional work unfortunately.
Anonymous
06/10/2013 23:15
Subject: Question about nanny taxes
Hi everyone I just got hired taking care of a 3 month old I live in Chicago and the family wants to pay taxes she will take out of my paycheck for medicare and social security . She told me she will not take out for state and federal , I have to pay that on my own .
Do you think that's fair what should I tell the family . I need help paying for those taxes . Does any one know how much it cost to pay those taxes . I will be making 600.00 week . Thank you any help will be appreciated .
Do you think that's fair what should I tell the family . I need help paying for those taxes . Does any one know how much it cost to pay those taxes . I will be making 600.00 week . Thank you any help will be appreciated .