Nanny Taxes Explained is a guide on your tax obligations for having a nanny, which includes payroll. If you would like to save money by doing nanny taxes yourself, we'll teach you in this video how to file nanny taxes and how to do the nanny tax reporting. This is your nanny tax guide for all taxes related to the IRS and you as a household employer.

This is for the nanny taxes for the IRS in 2019. We give you an instructional guide composed of 5 steps on how to do the nanny taxes correctly.

This includes getting the employer identification number (EIN) since you're a household employer. We also cover withholding nanny taxes, sending in the nanny taxes, and providing a W2 to your nanny. We also cover the Schedule H on your 1040 individual income tax return, which is a part of the nanny reporting process. And ultimately, paying state unemployment taxes for your nanny.

Check out our video regarding paying estimated taxes for your nanny.

Or check out our website for more information: http://clearvaluefinance.com/howtod...

We hope this helps on your search on how to do nanny taxes and this provides guidance with your nanny tips and nanny employer taxes. Please leave us any questions, we would be happy to get back to you as soon as possible!

We hope you enjoy our video nanny taxes explained and made easy!