Domestic Workers

Answers to your questions about 2023 limits on individual taxes

2022 Tax Return, 401K, Domestic Workers, Federal Gift Tax, Federal Tax Deductions, FICA, Gift and Estate Tax, Inflation, IRA, Itemized Deduction, Tax Deduction / Douglas Freeman

Many people are more concerned about their 2022 tax bills right now than they are about their 2023 tax situations. That’s understandable because your 2022 individual tax return is due to be filed in 10 weeks (unless you file an extension). However, it’s a good time to familiarize yourself with tax amounts that may have […]

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You may be liable for “nanny tax” for all types of domestic workers

Domestic Workers, Federal Income Tax, Federal Unemployment (FUTA Tax, Form SS-4, Medicare Taxes, Nanny Tax, Social Security & Medicare (FICA) taxes, Sole Proprietors / Douglas Freeman

You’ve probably heard of the “nanny tax.” But even if you don’t employ a nanny, it may apply to you. Hiring a house cleaner, gardener or other household employees (who isn’t an independent contractor) may make you liable for federal income and other taxes. You may also have state tax obligations. If you employ a

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