We know that finding a family to share your caregiver is just as important as finding a nanny. That’s why we specialize in helping you find local families that are looking for the same personalized care.
READ MOREOnce you’ve found the perfect family(s) to share your caregiver we recommend you start your search for a nanny that meets your personalized needs.
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The nanny share is typically when two or more families employ one nanny, sharing the cost of his or her salary. Most nannies watch all the children together, but many families work together to personalize schedules. Since both families are contributing to the nanny’s pay, the nanny is usually able to earn more than working for a single family while also being a cost-effective solution for the parents.
We recommend matching with a family(s) with similar personalized needs for care and discussing as a group what the expectations or requirement for employment will be for the nanny.
We recommend that all parties of the nanny share including families and nannies partake in the benefits. Remember that the nanny will have increased responsibility while caring for more children. We recommend structuring pay in a way that compensates the nanny for her increased responsibility as well as any other benefits (paid time off, sick time, overtime, etc). For more on nanny compensation please see our blog post here. Note that most nanny share contracts will have multiple rates depending on if the nanny is watching for more than one family or if a child is sick and not present.
According to the IRS Household Employer’s Tax Guide, if you pay more than $2,100 annually or $1,000 a quarter to a person working in your home you need to pay employment taxes. This requires a family to withhold Social Security and Medicare and to pay a matching portion. State and federal unemployment insurance taxes may also be due.
There are two components of the “nanny tax”. The employee (nanny) withholding taxes and the employer contribution (families). Typically, you’ll withhold Social Security and Medicare taxes and you may also withhold federal, state, and maybe city income taxes from your employee’s pay. As an employer, you’ll pay a matching portion of Social Security and Medicare as well as federal and state unemployment insurance taxes. States differ in their requirements, some don’t have income taxes while other states require additional taxes withheld.
We have partnered with ___ to help to provide easy no-hassle tax professional services at a discount.
Yes, We use your address for geolocation and matching purposes only. It is not reported in the search results, remains private, and is not shared with other users.
I rely on nanny sharing to help meet my daycare needs. It gives my family the flexibility we need at an affordable price!
- Laura
I wish I had found nanny sharing sooner… I am working professional and mother and can’t tell you how happy I am to know that I can do both without the stress of daycare!
- Jennifer