Hey, do you need to fill out a W4 form for a babysitting job?
2007-09-20 12:26:57 · 11 answers · asked by trying <3 2 in Business & Finance ➔ Taxes ➔ United States
Not if you make less than a certain amount per year.
I forget what the amount is, so you'll have to look that up.
2007-09-20 12:30:00 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Depends on the babysitting job. If you are taking care of children in their own home on a regular basis, then the parent is supposed to have you fill out a W-4, and then withhold social security and medicare, and probably income tax depending on how much you make and what you put on the W-4. It's not unusual for people not to know this, and to just pay you cash and have you deal with your own taxes, even though legally they are required to withhold taxes and pay employer taxes.
If you are babysitting in YOUR home, you are considered to be independent. You won't fill out a W-4, and you'll be responsible for your own taxes - you need to keep your own accurate records. They will probably ask for your tax ID (social security number) so they can claim the child care expenses on their tax return if the babysitting is so they can work.
2007-09-20 13:17:30 · answer #2 · answered by Judy 7 · 2⤊ 0⤋
legally you need to report taxes on any money you make more that 50 a month, in reality, if you are young, then don't worry about it. . . if you are older and you might become suspect, then you may want to consider withholding taxes yourself. . .the thing is with babysitting, your employer, does not have a business or a EIN employer identification number for the purpose of a W-4 so what you would do is report it on your taxes as a tip, or unwithheld wage.,
2007-09-20 12:37:14 · answer #3 · answered by dragonbot 2 · 0⤊ 1⤋
Now you are the first babysitter that I have ever heard of filling out a W-4. Congrats. So is the person who is requiring you to complete a W-4 going to treat you as a household employee and contribute to your Social Security and Medicare?
2007-09-20 13:14:14 · answer #4 · answered by Gary 5 · 0⤊ 1⤋
depends on the people you're babysitting for if they need to write off the cost of your babysitting they will send you a 1099 statement with your earnings and then you have to file that and pay the taxes that weren't taken out all year...it sucks lol
2007-09-20 12:30:35 · answer #5 · answered by JamieLEE 2 · 0⤊ 1⤋
As a household employee, your wages are not subject to income tax withholding. You probably would not make enough to be subject to tax in any case. If you earn $1,500 or more during a year as a household employee, you and your employer must pay social security and medicare taxes.
2007-09-20 12:41:59 · answer #6 · answered by Anonymous · 0⤊ 1⤋
You might if you're being hired as a nanny. But for occasional Saturday night babysitting I wouldn't.
2007-09-20 12:34:51 · answer #7 · answered by Angie 6 · 0⤊ 1⤋
Never heard of filling one out if you get payed in cash under the table.
2007-09-20 12:29:25 · answer #8 · answered by Elicia 1 · 0⤊ 1⤋
I believe you only have to report if you make over $600, be honest though and look into it by contacting the IRS.
2007-09-20 15:01:19 · answer #9 · answered by Anonymous · 0⤊ 1⤋
No, just keep track of how much money you make and add it to your wages on your return, if you need to file one.
2007-09-20 15:00:59 · answer #10 · answered by Anonymous · 1⤊ 0⤋