New threshold requirement for household employer taxes in 2012

The threshold that obligates a household employer to report and pay the “Nanny Taxes” is $1800 for 2012. Any employee who earns $1800 or more in 2012 will be entitled to a W-2 form in January 2013.  This is an increase of $100 from 2011 tax requirements.

You can read more at this IRS Publication.

On January 12th, 2012, posted in: Latest News by

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