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Amending Schedule H Form: What You Should Know

For the time being, the Social Security and Medicare tax liability calculation remains the same (and can be found in Publication 1040, IRS Form 1040, Wage and Tax Statement, and Form W-2 for 2 and prior years respectively). However, the IRS is taking steps to provide changes to the computation of Schedule H. In addition to these rules and updates, there are some additional important information to know: The number of workers who must be included in your total income to be due Schedule H is limited to 7,500 Do not include the portion of the person employed in any year, in excess of 7,500, that is excluded by the SSA (for example, the total of wages you paid 7,500 of the 8,650 or 13,175 of the 15,800 SSA exclusion for 2016). You can exclude the income of a person who participates in a government social welfare program on the same basis you do your own social welfare program (for example: if he/she is a participant in the military WIC program you can exclude the income of his/her parents or dependent children). A household employee is generally someone who is employed in your household, with you performing the services of the employee, either by you, a family member, or a non-relocating family member, such as a friend, relative, or contractor, or through the use of your office, facility, or building. What Is Schedule H: Household Employment taxes — Turbo Tax The amount of social security and Medicare taxes due can be found on the Form 1040 and Form W-2 for 2017. For a summary of the tax you will pay, you will need to use IRS tax software. When Are The Taxes Due? The IRS's first tax return must be filed by April 18th, 2105. After your first tax return is filed, the IRS uses the information in your second and subsequent tax returns and the returns of other taxpayers to arrive at the amounts due. The number of workers who must be included in your total income to be due Schedule H is limited to 7,500. What Can You Deprive in Excess of the Social Security and Medicare Tax Liability For 2016? In addition to wages payable to a household employee, you must withhold from the wages any amount withheld from your spouse or former spouse's wages for federal income tax withholding.

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