FICA Tip Credit for employers | Internal Revenue Service

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8846 credit Employers may receive a tax credit for FICA taxes paid on certain employee tips by filing IRS form 8846. Read on to learn more!.

8846 tip 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.

8846 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.