Wondering about Do I Need to Set up Payroll for Nanny? Uncover accurate answers with clear explanations.
The nanny tax is an umbrella term for the taxes you must withhold from your nanny’s paycheck and the employee tax contributions you need to match: For the 2020 tax season, the Social Security tax is 6.2% of each paycheck and the Medicare tax is 1.45% of each paycheck.
Chloe Bennett
Culture, Media & Entertainment Columnist
Chloe Bennett explores the intersection of pop culture, streaming entertainment, digital trends, and contemporary lifestyle. Her weekly commentary reaches thousands of culture enthusiasts.
