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Form 1040 (Schedule H) for Orange California: What You Should Know

Jan 21, 2023 — Schedule H forms must be completed by Feb 15, 2023 (in the same year as the year in which you were paid the wages). Do You Pay a Household Employee More Than 600 for the Calendar Year? If your taxable income after all your other taxes for the year was more than 600, then pay the entire amount of the wages you paid your  household employee by Feb 15, 2022.  Are You Paid the Following For Your Household Employee? All the following are taxable, even if the wages were subject to tax withholding: Social Security and Medicare Taxes Wage withholding (you or your spouse, if you're filing a joint return) The amount of wages you've paid to a household employee in the year and not including your net earnings from employment of more than 600 the preceding calendar year (see chart) If you are required to file Form 1040, 1040A, or Form 1040EZ, you must include payroll taxes that are withheld from the wages and are equal to or more than the following amounts: Social Security: 6.2% (1.2%) of your wages earned. Medicare: 10% (3.8%) of your wages earned. If you can't figure your taxable income as if the wages were subject to social security/Medicare/Wage and Tax (FTA) taxes, you must include in the wages the net earnings from employment (for the earnings on a wages-equivalent basis) of more than 600  the preceding calendar year. Wages-Equivalent basis: Your net earnings from employment are the amount of all your wages earned subject to social security/Medicare/Wage and Tax (FTA) taxes for the calendar year. Taxable income — net (wages minus income tax) Taxable income — gross (wages plus income tax) Example. If the net earnings from employment was 1,050, your taxable income was 800 (the gross amount). Because the earnings were subject to social security tax, you must include an amount equal to 2% of that amount in the wages you pay your household employee. Your gross income is 900. You owe 150, so your tax obligation is 150. Your net earnings from employment are 1,050.

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