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Holiday Bonuses and Year End Tax Information

Holiday Bonuses: How Much to Give?

It’s that time of year again – the holidays are right around the corner. Giving a nanny a holiday bonus is a common practice among household employers, but many families mightgift be wondering how much to give their nanny.

GTM’s recent survey of nannies found that 71% of those who responded said they received a year-end bonus/holiday gift. Of those, the survey found that:

  • 20% got cash + a gift certificate
  • 20% got a one week’s salary bonus check
  • 19% got a gift or gift certificate
  • 7% got 2 week’s salary
  • 5% got more than 1 month salary

Please share with your families who aren’t sure how much to give their nannies to show their appreciation during this time of year.

Wondering About Year End Taxes?  Visit GTM’s Year End Tax Planning Page for More Information 

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