Childcare Tax Savings Calculator
Estimate your federal savings from the CDCTC and Dependent Care FSA
Eligible expenses
$3,000
after FSA offset
CDCTC credit
$600
federal savings
FSA tax savings
$1,650
est. by bracket
Nanny Tax Estimator
Estimate quarterly tax payments to set aside as a household employer
Social Security (6.2%)
$2,790
employer share
Medicare (1.45%)
$653
employer share
FUTA (0.6%)
$42
fed unemployment
Extra income tax
$0
adjust withholding
Set aside per quarter
$871
due Jan / Apr / Jun / Sep
Set aside per month
$290
suggested savings cadence
Employer payroll taxes only. Does not include state unemployment (SUTA), workers' compensation, or the employee's withheld share. FUTA calculated on first $7,000 of wages. Consult a tax professional for your specific situation.
Schedule H Preview
Estimate what you'll owe on IRS Schedule H when you file your Form 1040
| Line item | Rate | Amount |
|---|---|---|
| Social Security — employer | 6.2% | — |
| Social Security — employee | 6.2% | — |
| Medicare — employer | 1.45% | — |
| Medicare — employee | 1.45% | — |
| Federal Unemployment (FUTA) | 0.6% | — |
| Federal income tax withheld | — | — |
| Total Schedule H liability | — |
Schedule H is filed with your Form 1040. FUTA appl