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Can I file a W-2 for my household employee?

Views: 1471 Created: 2017-06-13 16:21 Last Updated: 2017-06-13 16:21

SYMPTOM

I have a household employee that I need to file a W-2 for.  Can I use Yearli to file this form?

RESOLUTION

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 $2,000 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

  • Current version of Yearli