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Can I file a W-2 for my household employee?
Views: 3030 Created: 2014-07-10 15:22 Last Updated: 2018-12-04 17:33 |
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SYMPTOM
I have a household employee that I need to file a W-2 for. Can I use Yearli to file this form?
SOLUTION
Yearli is a perfect solution for filing W-2 forms for any employee, including household employees or caregivers. The IRS requires payroll tax filing by an employer who pays a household employee more than $2,100 cash wages in a calendar year. The government also requires the Payer to have a valid EIN when filing for their household employee. Refer to IRS Publication 926, Household Employer's Tax Guide for more information.
Payroll tax obligations may include:
- Employee portion of Social Security & Medicare taxes withheld from wages.
- Employer portion of Social Security & Medicare taxes.
- Federal Unemployment Tax (FUTA).
- Advance payment of the Earned Income Credit for eligible employees.
- State Unemployment and disability insurance taxes levied on the employer.
APPLIES TO
- Yearli Core
- Yearli Performance
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