Anonymous wrote:Thanks all. This nanny would work 4 days a week, 36 hours. About 8 of those hours would be actually spent with the kids unless they are sick. We have a private bedroom and bathroom in our basement. I was thinking we could do less than $20/hour since she will get free room and board? If this isn’t the case why do people have live ins? I could hire a nanny for $20/hour. Thanks! -OP
9.28 again.
Ok, so why do you want a live-in?
The reasons are usually:
1. on call schedule (great reason)
2. travel (great reason)
3. flex or wonky schedule (great reason)
4. nanny only works nights (decent reason, best if they hire someone to live there and pay $100 nightly to just be there 8-5)
5. short split shift (great, if they hire a college student)
6. consistency/no call outs/not late (decent reason)
7. trying to save money (worst reason)
8. 24 hour shifts (best reason)
9. better relationship with the family/kids (great reason, just look for a nanny who wants a family relationship)
Every single one of the above is for the benefit of the employer, which means that according to the IRS, you can't deduct room and board from pay.
Some families offer live-in as an option, and when it's the nanny's choice, they deduct the fair use of that space (please be aware that you HAVE to document weekly what the fair use is).
It sounds to me like you want a housekeeper/nanny. You likely have older kids and are trying to feel like you're getting your money's worth. While I understand that, I don't understand why you want a live-in. Just hire a housekeeper/nanny who lives out, or you could offer the option of living in and deduct about $100 per week for room and board if they choose to do so.