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Old 03-28-2013, 04:22 AM   #11
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Re: watching a kid for the summer...taxes ?

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Originally Posted by CASMama711 View Post
There are specific tax laws that apply just to child care income. I had to familiarize myself with them recently because of our nanny. For 2012, it was income over $1700/year that had to be reported. There is a $600/year cutoff for other types of income.
Yeah.

You should really check with a tax professional. There are several different guidelines about who has to and doesn't have to file taxes. Even if I could direct you to a link there are requirements even within the how much money you make guideline. Best bet is to call a tax professional. Since its still tax season you can call H&R or the other major one and ask. They will probably tell you right over the phone for free. Last time I did this was about 3 years ago. i was a nany for several months, but full time. I accepted state pay (the parent was on assistance). I did not have to file taxes for it. Can't remember how much I got paid but I did not have to file taxes. I do have to save my paperwork for 7 years because i was paid by DSS, but did not make enough to have to file taxes.

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Last edited by jbug_4; 03-28-2013 at 04:28 AM.
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Old 03-28-2013, 10:56 AM   #12
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I think every individuals situation may be different. Especially if your state charges income tax, or if you have other forms of income to report. I know ours gets complicated bc my husband has regular w2 employment AND is self-employed. And I do doula work, run an etsy shop AND watch kids. LOL.

A tax pro would be the best person to ask. Especially if you do your own taxes - it's easy to put things in the wrong category on turbotax or other software, and if the family is reporting that they paid you, it could flag your return and cause a delay if you make a mistake based on bad advice. ;-)

Now I'm going to contact a tax person too... Lol.
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