Grand Rapids Nesties
Dear Community,

Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.

If you have questions about this, please email help@theknot.com.

Thank you.

Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.

Anyone have a nanny? Q from a visitor

Hi Ladies, I hope you don't mind me asking you all a question . . . I am a regular on thebump but the GR bump board is quite inactive.  : )

I am trying to figure out all the taxes associated with having a nanny.  My understanding is:

Social security/medicare: we pay 7.65%; nanny pays 5.65%

Federal unemployment tax: we pay 0.6%; nanny pays 0

I have read that 'most' employers are required to pay a 2.7% State unemployment tax, but cannot find if this applies to the employer of a nanny or not.

Does anyone know if I am missing anything, and whether the state unemployment tax applies to nannies?

Thank you!

 

BFP #1: 2/14/11. EDD: 10/20/11. Missed m/c discovered in April at 12 weeks, d&c. BFP #2: 12/27/11. EDD: 9/9/2012.

Re: Anyone have a nanny? Q from a visitor

  • I don't know about nannies, and this isn't a tax, but don't forget to consider workers comp insurance costs too.  It may not be covered under your homeowners, so it is something to check.  This is something that came up for us when we started a business and evaluated a cost of a new hire, our classifications are higher risk, so our annual cost is in the 000s, I doubt a nanny is that high, but you never know. 

    DD: 6-24-11

    EDD: 9-20-14

Sign In or Register to comment.
Choose Another Board
Search Boards