Did you know about the tax benefits that come with employing a nanny?
If you’re feeling overwhelmed having to juggle childcare and an array of other responsibilities, you may want to consider hiring a nanny. But- every parent knows the cost of good child care is expensive and always on the rise.
Luckily for all the parents out there, hiring a nanny has some pretty great tax perks, and you may be eligible for two tax options that can help defray some of the costs, helping your investment in childcare to pay for itself. That’s right: hiring a nanny may save you money on your taxes. We consider that a win-win! Read on for the details on those tax breaks.
Source: tax benefits when hiring a nanny