Credit for Employer Social Security and Medicare Taxes

5(1928)

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 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.