Form 8846 | Your Guide to FICA Tip Credit Form | HoustonDotTax...
8846 credit Form 8846: This form is your ticket to claiming the credit! It allows you to calculate and claim a credit for the employer portion of Social Security and Medicare taxes you paid on tip income exceeding the federal minimum wage..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
Form 8846 allows eligible food and beverage employers to claim a credit for social security and Medicare taxes paid on employees' tips. This eventually supports compliance with IRS regulations and minimizing tax liability.
