Return to list

When:
January 01, 2001

Who it Affects:
For taxpayers who employ household help.
advertisement
2001 Tax Law Changes
Higher reporting level for household workers

If you pay a household employee cash wages of $1,300 a year or less, you do not have to report and pay Social Security and Medicare taxes. Thats up from $1,200 in 2000.
Related Tax Article(s): Grow up and pay 'nanny tax' if you owe it