Question

Why is the amount of Federal Household Employment Taxes that I owe so much more than what I withheld from our Nanny's paychecks (Fed income tax, SS tax, and Medicare)?

Forum|Forum|7 years ago
June 4, 2019
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TurboTax Deluxe Online

When you pay your household Employment taxes, you have to pay the employer's share of Social security tax (6.2% of income) and Medicare tax (1.45% of income) in addition to the amount withheld from your employee's paychecks for Federal tax, Social security and Medicare tax. This is why the amount due is higher than the amount withheld.

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