Welcome to the MDTAXES Message Board

The MDTAXES Network is an affiliation of CPAs that specialize in the tax planning and preparation for young health care professionals.  Please leave your questions or comments for our CPAs, who visit the message board regularly, or review the answers, suggestions and ideas posted in response to your colleagues' questions.

Please check out our other Message Boards available at www.FindAGoodCPA.com.

Please note: We are NOT affiliated with the Maryland Tax Department. If you're looking for information about Maryland income taxes, go to www.marylandtaxes.com.

Return to Website  > Index  > General Tax Issues  > Original MDTAXES Forum  > Re: Re: Nanny Healthcare
Recent Posts
 
Original MDTAXES Forum
Start a New Topic 
Author
Comment
View Entire Thread
s
Steven
Oct 17, 2007 - 7:16PM
Re: Re: Nanny Healthcare

Teri-
Thanks for the reply, but I think you were answering a different question. We do withold taxes, etc and everything is fine in that regard. The specific question relates to us paying for our nanny's healthcare and whether we need to pay the insurance premium directly to the insurance company or if we can pay our nanny directly in order for it to be considered a pre-tax deduction. Thanks

t
Teri L. Botticelli, EA
Oct 18, 2007 - 8:28AM
Re: Nanny Healthcare

Hi, Steven!

If the health insurance is an employer sponsored health plan (one you set up for your employee) the funds are pre-tax and, from my research, it does not matter whether you pay the insurance premium or you give your nanny a check to pay the insurance premium. However, you should contact the insurance company directly for additional information regarding your insurance plan requirements.

-Teri

Zip Code: 01801

Return to Website  > Index  > General Tax Issues  > Original MDTAXES Forum  > Re: Re: Nanny Healthcare