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Hired a nanny this year? Claim this tax credit for 2018

Source: cnbc.com - Dec 11, 2018

Working parents can take the child and dependent care tax credit, which is up to $1,050 for one qualifying child under age 13 or $2,100 for two or more kids.
Be aware that you must provide the taxpayer identification number of the care provider, so your nanny must be on the books.
If you have household employees, you have until Jan. 31 to provide them with Form W-2, spelling out earnings and tax details for 2018.

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Category: General Business