{"id":65,"date":"2025-12-05T21:09:55","date_gmt":"2025-12-05T21:09:55","guid":{"rendered":"https:\/\/s37407.p1377.sites.pressdns.com\/homepay\/tax-breaks-and-credits-for-families-hiring-a-nanny\/"},"modified":"2025-12-05T21:10:00","modified_gmt":"2025-12-05T21:10:00","slug":"nanny-tax-breaks-and-deductions","status":"publish","type":"post","link":"https:\/\/www.care.com\/hp\/nanny-tax-breaks-and-deductions\/","title":{"rendered":"Tax breaks and credits for families hiring a nanny"},"content":{"rendered":"
One of the most common concerns families have when they hire a nanny is how much in taxes they’ll be responsible for paying. The good news is that families can qualify for at least one — if not two — tax breaks that can make paying their nanny on the books less expensive than paying under the table.<\/p>
A Dependent Care Account<\/a> is a type of Flexible Spending Account (FSA) which is available through the benefits package offered by most companies. You can use an FSA to pay for up to $7,500 of child-care-related expenses — such as your nanny’s pay — using pre-tax dollars. Depending on your marginal tax rate, using an FSA can save around $3,000 in 2026. For enrollment details, check with your HR or Accounting Department.<\/p> To apply for the Child or Dependent Care Tax Credit<\/a>, use IRS Form 2441<\/a> to itemize care-related expenses on your federal income tax return. A majority of families will receive a tax credit ranging from 20-35% on up to $3,000 of care-related expenses if you have one child, or $6,000 of care-related expenses if you have two or more children. This means your tax credit is up to $1,050 for one child and $2,100 for two or more children.<\/p> Your best option is the FSA. Setting aside the full $7,500 will save about $3,000, depending on your marginal tax rate. If you don’t have access to an FSA (or cannot enroll at the moment), use the Child or Dependent Care Tax Credit. “The most important thing to remember is that you can’t qualify for a tax break on your child care expenses if you aren’t paying your nanny legally,” says Tom Breedlove, Sr. Director of Care.com HomePay<\/a>. <\/p> Assuming this is not an issue, these tax breaks are available to you if your children are under the age of 13 and you have care-related expenses because both you and your spouse work, are looking for work or are full-time students. Child care expenses can be your nanny’s wages, the wages paid to a backup child care provider, the taxes your incur on your nanny’s wages and even the money paid to a placement agency. <\/p> When you sign up for Care.com HomePay<\/a>, the paystubs we generate for you can serve as proof of child care expenses. This will allow you to use your FSA and\/or keep track of how much to apply to the child care tax credit.<\/p> Next Steps:<\/strong><\/p> Use our budgeting calculator to see your tax costs and tax breaks<\/a>. <\/span><\/p><\/li> To qualify for a tax break on child care expenses, it is essential to pay your nanny legally. These tax breaks are available if your children are under the age of 13, and both you and your spouse work, are seeking employment, or are full-time students. Child care expenses can include your nanny’s wages, backup child care provider wages, nanny wage-related taxes, and fees paid to a placement agency.<\/p> Families who pay their nanny legally can qualify for two significant tax breaks: the Dependent Care Account (FSA) and the Child or Dependent Care Tax Credit. These options can make legal payment of nanny wages more affordable compared to paying under the table.<\/p> The Dependent Care Account (FSA) is a Flexible Spending Account available through many company benefits packages. It allows you to use pre-tax dollars to cover up to $7,500 of child care-related expenses, including your nanny’s pay. Depending on your tax rate, using an FSA can lead to savings of around $3,000 in the year 2026.<\/p> Families can benefit from the Child or Dependent Care Tax Credit by itemizing care-related expenses on their federal income tax return using IRS Form 2441. This credit offers a 20-35% tax credit on up to $3,000 of expenses for one child or $6,000 for two or more children. It means you can receive a tax credit of up to $1,050 for one child and $2,100 for two or more children.<\/p><\/div>
<\/a><\/figure><\/div>Child or Dependent Care Tax Credit<\/h3>
How can I maximize my savings using child care tax breaks?<\/strong><\/h2>
<\/p>How do I qualify for a nanny tax deduction?<\/strong><\/h2>
Frequently asked questions<\/h2>
What are the qualifications for a nanny tax deduction?<\/h3>
What tax breaks are available when I pay my nanny legally?<\/h3>
How does the Dependent Care Account (FSA) work for nanny expenses?<\/h3>
What is the Child or Dependent Care Tax Credit, and how does it benefit families?<\/h3>