2024 Form 8846 - Internal Revenue Service

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8846 tip credit IRS Form 8846, officially known as the "Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips," allows employers to claim a credit against their federal tax liability for the employer portion of FICA taxes paid on tips received by employees..

8846 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 tip credit To get the FICA tax tip credit, you must complete Form 8846, Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips, and attach the form to your tax return.