Hiring and paying a nanny means staying current with household employment laws. A recent update under the OBBBA (Overtime for Better Balances Act) changes how overtime pay is taxed for household employers and employees.
This rule clarifies how overtime wages should be treated and helps families ensure compliance with federal payroll requirements.
To read the full explanation and examples of how this may affect you, visit Homework Solutions’ detailed article:
This information is for general awareness only and does not constitute legal or tax advice. For personalized guidance, please consult a licensed professional or your payroll service provider.
