Form 8846: Credit for Social Security, Tips & Medicare Taxes

Describe

8846 credit Beverage and Food establishments can file the Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips, Form 8846. Use the form to claim a credit against the taxes paid on employee tips. The deduction is part of the general business credit on Form 3800..

8846 tip credit  Certain food and beverage employers (see Who Should File below) use Form 8846 to claim a credit for social security and Medicare taxes paid or incurred by the employer on certain employees’ tips.

8846 credit  Complete Form 8846, Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips, and, in most cases, attach this form to your tax return to claim the credit.