I am a nanny get paid cash, How do I do taxes? They do not with hold any taxes. What should I do?

They do not with hold any taxes. What should I do? Asked by janfran 2 months ago Similar questions: nanny paid cash taxes hold Business > Taxes.

Similar questions: nanny paid cash taxes hold.

If you paid more than $1,000 last year in taxes, you need to file quarterly estimated income tax. The people you work for are supposed to give you a 1099-MISC at the end of the year, but since they are giving you cash, they probably won't give you a 1099. You will have to keep track of your earnings yourself.

Unless you are being paid a substantial amount, you probably will not owe any tax, but it is better to be safe than sorry. Here is a link to a calculator that will give you an estimated figure of what your tax bill will look like. moneychimp.com/features/tax_calculator.htm htm.

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