Description
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 The FICA tip credit allows employers to take credit for Social Security and Medicare taxes already paid on employees' tips. Learn more about the credit in the blog post.
8846 tip credit The FICA tip credit can be requested when business tax returns are filed. It is reported on IRS Form 8846, which is sometimes called Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips. Determining if the FICA tax tip applies to your business can be a challenge.