Lower Taxes! Offer Health Insurance Stipend!

Ever thought about offering health insurance to your nanny, but were unclear how to go about that?

Take a look at this handy article from our trusted partners for all things nanny tax/payroll HomeWork Solutions Inc Household Payroll Services!

Wonderful tax savings for both parties. Offering a monthly stipend towards health coverage lowers your taxes as the employer, your nanny will be healthier, potentially taking less time off, and it's a great way to sweeten the compensation package!

The domestic worker will have a lowered taxable income, access to health care, and a higher net income! It's a win for everyone.

Something to consider as we move into the NEW YEAR! https://info.homeworksolutions.com/blog/new-tax-advantaged-health-insurance-options-for-household-employees?fbclid=IwAR2vpIRHEvMu-s8NSoQO5F_HDx-S97Rc_R5szRq4mp03V3w0BSw-RHRYITQ

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