Description
8846 credit Certain food and beverage establishments use this form to claim a credit for social security and Medicare taxes paid or incurred by the employer on certain employees’ tips..
8846 tip credit Form 8846: This form is your ticket to claiming the credit! It allows you to calculate and claim a credit for the employer portion of Social Security and Medicare taxes you paid on tip income exceeding the federal minimum wage.
8846 credit Our IRS Form 8846 instructions walk you through the calculations needed to claim the FICA tip credit and complete the form.