Terms Beginning With 'n'

Nanny Tax

  • January 02, 2020
  • Team Kalkine

Nanny tax is a tax that is ought to be paid by the individuals who employ household help, such as a babysitter, maid, or home health aide, and pay them higher than a stipulated level amount in the course of the tax year. More generally, it is a part of Social Security and Medicare taxes paid by the employer of a nanny, gardener, or other household worker, thus enabling a household employee to receive the benefits and protections of being paid legally.

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