Sitters and Taxes

It’s a question typically asked by families each year around tax preparation time: “Do I have to pay in any type of employment taxes for my children’s teenage babysitter?” Typically, the answer is NO. Here’s the scoop: If you pay a household employee more than a certain amount (check the threshold each year), you may [...]

3 Tip For How to Make Housecleaning Fun

We all dread it, we put it off, the situation gets worse and worse and worse until we just can’t take it anymore. No I’m not talking about our taxes I’m talking about housecleaning. No one really likes housecleaning unless you have some sort of mental disorder or your obsessive-compulsive or you’re lucky enough to be married to somebody whose obsessive-compulsive and in that case you probably don’t have to worry about cleaning the house because they make sure it’s spotless.

Is claiming childcare expenses only beneficial if you are going to owe on your taxes?

Legs asked: For instance.. without claiming it, if someone were to get $300 back would it increase that amount to claim the childcare expenses? Or would it only benefit a person who was going to owe taxes? I hope that makes sense.. Thanks.

Can I claim the amount I paid daycare on my taxes if the mother claimed her part?

the need to know asked: My daughter is in daycare. I pay half of the daycare. The mother gets to claim her this year. Can I claim my part of daycare even though she is claiming her as a dependant?