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You’re Not the Only One Who’s Not Paying Your ‘Nanny Tax’

Source: https://wsj.com/articles/youre-not-the-only-one-whos-not-paying-your-nanny-tax-1539336600 - Dec 11, 2018

A number of prominent Americans have been caught neglecting to pay taxes on their child-care help. They’re not alone.

New research provides evidence of the massive underpayment of “Nanny Taxes” owed by employers and workers on the wages paid to household help such as child- and elder-care providers, maids and drivers.

According to economist Brian Erard, only 5% of 3.6 million American households that should be filing forms and paying federal taxes related to household help are doing so.

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Category: General Business