With the federal tax filing deadline just a few days away, don’t miss out on these money-saving tax breaks if you worked with a nanny in 2021 or are currently with a nanny in 2022!
To help your family save money on your 2021 taxes and understand what changes might affect you for the 2022 tax year, we sat down with Tom Breedlove, Senior Director of Homepay.
Below, we cover:
– Child Tax Credit
– Child Care Tax Credit
– Build Back Better Act
– Dependent Care Flexible Spending Account (FSA)
– Who qualifies for these tax breaks
Did you know you can get a tax break if your kids attend summer camp (i.e. sports, Lego, Minecraft camps)? There are several tax breaks many families don’t realize could help them save money on their 2021 taxes.
If you would like to talk to the HomePay team or sign up for their highly rated payroll services, click here. Sign up today and your first month is FREE!
Nannies – the HomePay team can answer any questions that you have as well.