The IRS has announced the standard mileage rate for 2024: 67 cents per mile, up 1.5 cents from 65.5 cents in 2023.![]()
The Social Security Administration recently released next year’s Employment Coverage Threshold for household employees. The 2024 nanny tax threshold increases by $100 to $2,700.
Tax Responsibilities for Texas Household Employers
Taxes required to withhold, file, and pay:
• Social Security
• Medicare
Other taxes GTM Payroll Services strongly recommends withholding (but are not
required):
• Federal Income Tax
• State Income Tax
• Local Taxes, if applicable
In Texas, household employers are responsible for the following four taxes, to be
added on top of the employee’s gross wage:
• Social Security Tax Rate of 6.2%
• Medicare Tax Rate of 1.45%
• Federal Unemployment Tax Rate of 0.6%
• State Unemployment Tax Rate of 2.7%
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