Work at home jobs

Taxes, Retirement and Insurance Issues for Stay at Home Moms with Work at Home Jobs

Employers who hire people to work at home have many benefits to hiring them as independent contractors versus regular employees. Employees who become moms who want to become stay at home moms and being working at home leave a space vacancy at the office that the company can use for a new employee. In addition to not having to provide workspace and office support to work at home employees, they are also not required to collect and pay their federal and state taxes, Medicare and other taxes, and pay for unemployment insurance and workmen's compensation. Work at home Independent contractors are also not usually paid benefits.

Possible benefits to being an independent contractor work at home mom: Being free and independent Being able to determine how you perform your work at home job Being able to deduct portions of some of your expenses from your taxes. This may include portions of your house payment or rent and other business-related expenses such as: cleaning, maintenance, mortgage interest, utility costs, phone use, office supplies, business-related mileage and much more. Being able to work at home for more than one company at a time

There are also many other financial considerations if you're considering becoming a stay at home mom and taking a work at home job as an independent contractor. How much money will you save on day care, commuting and other expenses now that you'll be able to work at home. How much will your health insurance cost now? How will this affect your retirement? Social security? 401(k)? Will you be paying less taxes now, or more?

If you are considering taking a work at home job opportunity as a work at home independent contractor, you may find that there are many benefits to you, as well as to your employer.

One work at home employee, Sue P., had a high-paying outside job for years. She and her husband were both professionals and earned over $150,000 a year. Even though their employers both took out huge sums of money every month for their taxes, they still ended up writing a big, fat check for more taxes every April. When she became a stay at home mom and quit her outside job to take a less-paying job at home, they stopped having to write checks for taxes and instead, starting receiving large tax refund checks every year.

Please note:  Not intended to give legal, tax, financial or accounting advice.  Please consult a competent professional who can properly advise you on tax and other issues related to working at home as an independent contractor.