The Nanny Tax Troubles Hundreds, Maybe Thousands

Summary

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Bernard Kerik's recent troubles with the nanny tax -- the collection of federal and state rules that apply to household employers -- surely sprinkled a bit of anxiety among the tens, or maybe hundreds, of thousands of Americans who share Kerik's dirty little secret.

If you had a household employee, such as a child- or elder-care provider, in 2004, you still have time to comply with federal rules. Schedule H, on which you calculate your federal nanny tax, goes with your income-tax return, so the deadline is April 15.

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The Nanny Tax Troubles Hundreds, Maybe Thousands

When you hire someone to work around the house, you may or may not be considered an emplo...

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