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Savannah Georgia online Form Instruction 1040 Line 20a & 20b: What You Should Know

You pay cash wages to a household employee. The wages are subject to social security and Medicare taxes but are not subject to federal employment taxes. You can report social security employment taxes, and Medicare employment taxes if your employee works more than 16 working hours in a week or 16 hours per week for a family of four. However, for federal employment taxes, you must report them. If your employee is a dependent child who does not earn income to pay taxes on, you can report social security and Medicare employment taxes on the child's behalf, even in the case of a full-time parent. The social security and Medicare taxes will be treated as employment taxes and the employee will not be paid overtime compensation for overtime hours worked. For federal employment taxes, you can report them if your employee works more than 16 hours in a week or 16 hours per week for a family of four. However, for social security employment taxes, reporting on the parent's behalf is not permitted (other than for an employee who is a student at any age).  The social security tax is a payroll tax on income. It is subject to a maximum rate of 1.45%. You must pay this tax even if your employee earned no wages. However, it is a flat 4% payroll tax on the first 127,200 of the employee's wages and on the first 115,000 of the employee's net wages. Employees must begin to pay this tax on January 1 each year and at a rate of 1.45% of the employee's wages, which is equal to the maximum tax rate. If you were to pay the employee at a rate less than the payroll tax rate, the employee would pay only the social security tax. Social Security and Medicare employment taxes may be paid as self-employment taxes. For more information on self-employment taxes, click here. Social Security payroll tax information (Form 1040-SS) is available online. You should have the social security card or number of the employee for whom you are filing for the social security tax. In addition, you should have the social security code (SSN) of the employee for whom you are filing for the social security employment tax. The name and address of the social security office for the social security program is available on the SSN information page as well as the SSN page on the payroll tax page.

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