Get the free SCHEDULE H (Form 1040)

This form is used to report household employment taxes owed, including Social Security, Medicare, withheld income, and Federal Unemployment (FUTA) taxes, specifically for the year 2007.

How to fill out schedule h form 1040

How to fill out SCHEDULE H (Form 1040)

1. Begin by downloading or obtaining Form 1040 and the associated SCHEDULE H.
2. At the top of SCHEDULE H, provide your name and Social Security number.
3. In Part I, indicate whether you hired household employees and enter the total cash wages paid.
4. In Part II, calculate the Social Security and Medicare taxes based on the wages provided.
5. Complete the Other Taxes section, if applicable, to report any additional taxes owed.
6. Transfer the total amounts from SCHEDULE H to your Form 1040.
7. Review all entries for accuracy and ensure that all calculations are correct.
8. Submit SCHEDULE H along with your Form 1040 when filing your taxes.

Who needs SCHEDULE H (Form 1040)?

1. SCHEDULE H is required for individuals who pay household employees, such as nannies or housekeepers.
2. Anyone who pays cash wages to an employee that exceed the minimum threshold must file this form.
3. Taxpayers who are required to report and pay Social Security and Medicare taxes for household employees need SCHEDULE H.

People Also Ask about

What are the rules for schedule H?

You're not required to withhold federal income tax from wages you pay a household employee. You should withhold federal income tax only if your household employee asks you to withhold it and you agree. The employee must give you a completed Form W-4.

What does h mean on schedule?

H usually means 'holiday' and you'd be off that day, V usually means volunteer and you'd be working that day.

What is the difference between 1040 and 1040sr?

Form 1040 is used by U.S. taxpayers to file an annual income tax return. Form 1040-SR is available as an optional alternative to using Form 1040 for taxpayers who are age 65 or older. Form 1040-SR uses the same schedules and instructions as Form 1040 does.

What does the IRS consider a household employee?

Household employees include housekeepers, maids, babysitters, gardeners, and others who perform household work in or around your private residence as your employee. Repairmen, plumbers, contractors and other business people who provide their services as independent contractors are not your employees.

Who is considered a household employee?

Household employees include housekeepers, maids, babysitters, gardeners, and others who perform household work in or around your private residence as your employee.

What is the Schedule H on the 1040?

Schedule H helps calculate the amount of household employment tax owed, and the total is entered on the “Other Taxes” section of Schedule 2 for Form 1040 and combined with the personal income tax bill for the year.

For pdfFiller’s FAQs

What is SCHEDULE H (Form 1040)?

SCHEDULE H (Form 1040) is a tax form used by household employers to report and pay employment taxes for household employees, such as nannies or housekeepers.

Who is required to file SCHEDULE H (Form 1040)?

Individuals who employ household workers and pay them $2,400 or more in a calendar year or any amount for work performed by a spouse or child under 18 typically must file SCHEDULE H.

How to fill out SCHEDULE H (Form 1040)?

To fill out SCHEDULE H, individuals should provide information about their household employees, including wages paid, employment taxes owed, and complete the associated calculations to determine the total tax liability.

What is the purpose of SCHEDULE H (Form 1040)?

The purpose of SCHEDULE H is to report and pay employment taxes associated with household employment, ensuring compliance with federal tax regulations.

What information must be reported on SCHEDULE H (Form 1040)?

SCHEDULE H requires reporting information such as the total wages paid to household employees, Social Security and Medicare tax owed, and any applicable federal unemployment tax.