HomePay: Fast Facts About Legal Pay by Tom Breedlove

Many families hiring help in the home are hiring for the first time and, as such, may be unsure if they have legal requirements surrounding taxes and payroll. Here are a few “fast facts” to help keep families on the up-and-up: 1. The Social Security and Medicare (FICA) Threshold in 2022 is $2,400. If you pay an individual this amount or more, you are required…

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