Hiring a Caregiver Can Be Taxing

When you hire a care provider, you take on the role of employer -- taxes, insurance and all.

EDITOR'S NOTE: This article was originally published in the December 2007 issue of Kiplinger's Retirement Report. To subscribe, click here.

When you hire a care provider for a spouse or parent, you can either go through an agency or strike out on your own. If you hire a caregiver yourself, you get to choose the person who you think will be the best fit for your family. One big downside: The paperwork can be overwhelming.

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Associate Editor, Kiplinger's Personal Finance