HomePay by Care.com

It’s crunch time for taxes 😖
But don’t panic: we answered your top questions about household employees, tax breaks and more in this article.

8 common household employment questions families ask — with answers! Having to manage taxes and payroll for caregivers can be confusing. We have the answers you need to feel comfortable as a household employer.

Watch out: these common tax mistakes trip up lots of people who hire nannies or senior caregivers.

6 household employment mistakes and how to avoid them Learn about the six most common tax mistakes families make when they hire a nanny, senior caregiver or other household employee.

If you just realized you haven't been taking care of household employment taxes correctly, here's what to know about the catch-up process.

Last-minute household employment tax tips for families

Recently, the IRS announced the threshold for having to withhold taxes from a nanny, senior caregiver, etc. will increase to $2,400 for the 2022 calendar year. If you're planning to hire a caregiver, let us take the tax and payroll work off your plate!
https://www.care.com/homepay

Join us as we discuss the proposed federal investments in care and what they could mean for your family. No politics, just clarity on how they could make care for those you love more affordable. Register now:
https://caredotcom.zoom.us/webinar/register/1216334666313/WN_GBBpz4zoRmyu8XALI9cLwg
The conversation will be moderated by Care.com CEO Tim Allen who will be joined by:
- Brigid Schulte: Director of The Better Life Lab and Good Life Initiative at New America, author and award-winning journalist;
- Josephine Kalipeni: Executive Director, Family Values @ Work, and long-time advocate for equitable access to quality child care; and
- Tom Breedlove: Senior Director, Care.com HomePay, one of the nation’s foremost experts helping families navigate the tax and legal complexities of employing caregivers.

If you're a nanny applying for summer jobs, keep in mind that taxes will most likely play a part in your short-term employment. Here's what you need to know to keep your finances in order.

3 tax and payroll tips for summer nannies - Care.com HomePay When you're a summer nanny, you need to be aware of how payroll works and how taxes play a part in your short-term employment.

If you never enrolled in a Dependent Care Account last year, you can do so if you're hiring summer child care. The savings it will bring you should be more than what you'll owe in taxes for your nanny!

You can enroll in a Dependent Care Account mid-year when you hire a nanny - Care.com HomePay Changing your child care provider gives you the opportunity to use a flexible spending account the rest of the year