It’s tax season once again. Families that hire others in their home may want to start gathering information about recent updates in the tax codes as it relates to being an in-home employer.
For example, the mileage reimbursement was raised to 57.5 cents per mile, and the for the first time, employees who purchase health insurance policies through the exchange will be eligible for a federal subsidy.
Also, the IRS has ruled that a mobile for a caregiver is not tax deductable.
Our friends at Care.com’s Home Pay have created an infographic listing other need-to-know rules for household employers for 2015: