Household Employment

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August 31, 2024 4 min read Definitions

Schedule H (Form 1040): Household Employment Taxes Reporting

Taxes Government Regulations Tax Forms IRS Household Employment Income Tax Payroll Taxes

Schedule H (Form 1040) is a form used by household employers to report household employment taxes, including Social Security, Medicare, FUTA, and federal income taxes.

August 31, 2024 3 min read Definitions

Threshold Limit: Definition and Explanation

Finance Taxes Threshold Limit Social Security Medicare Wages Household Employment

The minimum amount of cash wages paid to a household worker that triggers the obligation to withhold and remit Social Security and Medicare taxes.