Why paying the “nanny tax” can actually make you money

If you’re paying a nanny at least $1,900 this year, you have to pay the nanny tax.

But don’t worry. If you know how to play the game, you can offset most (if not all) of the tax expense.

How? By taking advantage of some nice tax breaks.

In fact, you can come out ahead as you’ll learn when you read my new article titled Tax Tips: Pay the Nanny Tax and Make Money Doing It.

Three ways our fact-filled article can help you:

1. We’ll explain the three taxes you may have to pay. Careful! The IRS may be able to hit you with a triple whammy. We’ll tell you exactly what you may be obligated to shell out when you read the full article.
2. You’ll learn how to take advantage of the Child Care Tax Credit. It can save you a bundle! Who’s eligible for this useful tax credit? You are when your dependent children are under thirteen years of age. You’ll get all the details when you read the full article.
3. We’ll tell you how to use a money-saving Flexible Spending Account (FSA). Simply put, an FSA lets you pay up to $5,000 of children-related expenses with pre-tax dollars! This can mean a lot of extra dollars in your pocket as you’ll learn when you read the full article.