Summer nanny job? Here are some tax tips.

If you or someone in your family has taken a job as a summer nanny, be sure to share these three important tax tips:

1. Your employer needs to set up payroll and start paying taxes (if you earn more than $1,900) – this benefits both you andyour employer .
2. Keep track of your hours – know when you’re considered on duty and when you’re not.
3. Stay in Touch – so your employer knows where to send your W-2.

Bonus tip:

• Create a nanny contract.

To learn more about these tips, read the full article 3 Summer Tax Tips for Nannies.

Credit to care.com
3 Summer Tax Tips for Nannies
How does being a summer nanny affect your tax responsibilities?
By Julia Quinn-Szcesuil, Contributor