epartment of Job & Family Services
PO Box 182404
Columbus, OH 43218-2404
Employment Security Commission
PO Box 52003
Oklahoma City, OK 73152-2003
875 Union Street, NE
Salem, OR 97311-0030
Department of Labor and Industry
7th and Forster Street
Harrisburg, PA 17121-0001
Department of Labor and Human Resources
PO Box 1020
San Juan, PR 00919-1020
Division of Taxation
One Capitol Hill, Suite 36
Providence, RI 02908-5829
Employment Security Commission
PO Box 995
Columbia, SC 29202-0995
Department of Labor
PO Box 4730
Aberdeen, SD 57402-4730
Department of Labor and Workforce Development
220 French Landing Drive
Nashville, TN 37243-1002
PO Box 149037
Austin, TX 78714
Department of Workforce Services
PO Box 45288
Salt Lake City, UT 84145-0288
Department of Labor
PO Box 488
Montpelier, VT 05601-0488
Department of Labor
PO Box 302608
St. Thomas, VI 00803-2608
PO Box 1358
Richmond, VA 23218-1358
Employment Security Department
PO Box 9046
Olympia, WA 98507-9046
Bureau of Employment Programs
112 California Avenue
Charleston, WV 25305-0016
Department of Workforce Development
PO Box 7942
Madison, WI 53707-7942
Unemployment Tax Division
PO Box 2760
Casper, WY 82602-2760
You may need to do the following things when you have a household employee: When you hire a household employee:
- Find out if the person can legally work in the United States.
- Find out if you need to pay state taxes.
When you pay your household employee:
- Withhold Social Security and Medicare taxes.
- Withhold federal income tax.
- Make advance payments of the earned income credit.
- Decide how you will make tax payments.
- Keep records.
By January 31, 2015:
- Get an employer identification number, if needed.
- Give your employee Copies B, C, and 2 of Form W-2, Wage and Tax Statement.
By February 28, 2015:
- Send Copy A of Form W-2 to the Social Security Administration.
By April 15, 2015:
- File Schedule H (Form 1040), Household Employment Taxes, with your tax return.
Your Child's Education: How To Finance It
How can you properly fund your children's education without draining your current cash flow? What should you do if they are a few years away from college and your education fund won't be enough? How can you increase your chances of getting financial aid? What tax benefits might be available to you? This Financial Guide answers these questions.
With the costs of a college education rising every year, the keys to funding your child's education are to plan early and invest shrewdly. However, there are steps you can take if you get a late start. Moreover, there are a number of effective techniques for increasing financial aid opportunities and reducing taxes.
According to the College Board, the annual increase in inflation-adjusted average tuition and fees at public four-year colleges and universities has declined in each of the past five years, from 9.5% in 2009‑10 to 0.9% in 2013-14. Despite the decline, college is still expensive and proper planning can lessen the financial squeeze considerably--especially if you start when your child is young. It should also be noted that in 2012-13 the average amount of aid for a full-time undergraduate student was about $13,370.
Here are some guidelines--geared to parents whose children are no older than elementary school age--for funding your child's education.
Start Saving Early
We cannot emphasize enough that getting an early start is basic to funding your child's education. The earlier you start, the more you'll benefit from the compounding of interest.
Planning Aid: For an estimate of the amount of money you would have at the time your child enters college if you begin saving now, see the Financial Calculator:College Savings Calculator.
When should you start saving? This depends on how much you think your children's education will cost. The best way is to start saving before they are born. The sooner you begin, the less money you will have to put away each year.
Example: Suppose you have one child, age six months, and you estimate that you'll need $120,000 to finance his college education 18 years from now. If you start pu