Get Irs 1040 - Schedule H 2024-2025

Filling out the IRS 1040 - Schedule H is an essential step for individuals who have household employees and need to report employment taxes. This guide will provide you with a clear, step-by-step approach to accurately complete the form online.

Follow the steps to successfully complete your Schedule H.

1. Click ‘Get Form’ button to obtain the form and open it in your preferred editor.
2. Begin by filling in your social security number and the name of the employer. Make sure you use accurate information to avoid processing delays.
3. Enter the employer identification number, if applicable, in the designated field.
4. Determine if you paid any one household employee cash wages of $2,700 or more in 2024. If yes, proceed to line 1; if no, go to line B.
5. Next, indicate whether you withheld federal income tax during 2024 for any household employee. If yes, proceed to line 7; if no, continue to line C.
6. Check if you paid total cash wages of $1,000 or more in any calendar quarter of 2023 or 2024 to all household employees. If no, do not file this schedule. If yes, move to line 10.
7. In Part I, total cash wages subject to social security tax should be entered in line 1. Remember to calculate social security tax by multiplying line 1 by 12.4% and entering this amount on line 2.
8. Record total cash wages subject to Medicare tax in line 3, and calculate the Medicare tax by multiplying line 3 by 2.9%, entering this amount on line 4.
9. If applicable, calculate the additional Medicare Tax withholding based on the total cash wages subject to it as detailed on lines 5 and 6.
10. Add lines 2, 4, 6, and 7 together and write the sum on line 8, which represents your total social security, Medicare, and federal income taxes.
11. Move to Part II to assess your Federal Unemployment Tax (FUTA) tax obligations. Follow the prompts regarding unemployment contributions and proceed to complete either Section A or B as indicated.
12. Finally, go to Part III where you will calculate total household employment taxes based on the previous sections. Enter the resulting amounts as instructed.
13. Complete Part IV by filling out your address and providing a signature if required. Ensure all information is accurate to prevent any issues.
14. After reviewing your details, save changes, download the completed form, print it for your records, or share it as needed.

Start completing your Schedule H online today to ensure accurate reporting of your household employment taxes.