Understanding Income Tax: Calculation Methods and Types Explained

📌 Tax Season Reminder from TLC Family Care 📌 As we head into tax season and with the January 31 deadline to provide W-2s approaching we wanted to share a few important reminders for families who employ a nanny. 👩‍👧 Nannies are W-2 household employees in nearly all circumstances. They are not independent contractors. If you set the schedule, direct the duties, and provide the tools and supplies, your nanny must be classified as a W-2 employee. 🚫 Why this matters: Misclassifying a nanny as a