Many of the household workers and nannies were most likely shocked to see their paycheck last Friday have a chunk of change missing. I have almost $100 missing a month now. Today the other half of nannies and household staff discover the missing money. What happens if your employer didn’t readjust your paycheck to affect the tax changes and withholdings for 2013. Our NannyFusion member, HomeWork Solutions , published some FAQs last week that should be of help for you. Print out the following articles and leave them for your employers. Make sure you share this information with your nanny agencies, online nanny groups, and other household staff friends and family.
Q. Why did my nanny paycheck go down $25 this week?
A. The temporary “Payroll Tax Holiday” expired on December 31, 2012. This was a temporary economic stimulus measure. As a result, every worker (nannies, housekeepers, teachers, computer programmers, everyone!) has an additional 2% being deducted from 2013 paychecks.
to read the rest of the above FAQ please visit: 2013 Nanny Payroll Tax Calculator Fully Updated
1. 2013 Federal Income Tax Withholding rates have not yet been published. IRS instructions are to use 2012 income tax tables until the new rates are available. There will be very little change in income tax withholding for most nannies and other household workers.
to read the rest of the above article please visit: 2013 Nanny Payroll Tax Calculator
There is some good news though, if you use your vehicle for work during 2013, the IRS raised the mileage rates. The new rates are a penny more then 2012s. They went into effect on January 1, 2013, so make sure you get back paid for the first of the month if you have already gotten mileage reimbursement.
To read more about the mileage increase please visit: 2013 IRS Mileage Rate Increase – Nanny Mileage Reimbursement
Are you looking for a way to track your mileage on your smartphone or iPhone? Then check out milebug