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Employer Information
If you employ someone to work in your home, and they earn more than $1700 during the year, you are a household employer and are responsible for the following:
-
Taxes:
- One-half of your employee's Social Security and Medicare taxes. This equals 7.65% of his/her gross salary.
- Federal and state unemployment insurance taxes.
- Other state/local taxes which vary from state to state.
- State and federal income tax withholding if your employee requests that these be deducted from his/her check.
Worker's
Compensation Insurance:
- The requirements for worker's comp insurance
are different for every state. In any case, we recommend that you
purchase a policy so you are covered
if your employee is injured on the job.
Reporting:
- State unemployment insurance, income tax withholding, and
any other state/local taxes are typically reported and paid
quarterly.
- A W-2 for each employee is done at year-end and submitted to the Social Security Administration with a form W-3. The W-2 also is given to each employee and in some cases filed with the state. In addition, a Schedule H is filed with your personal tax return.
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