FICA Tip Credit
  • FICA Tip Credit

  • Who Qualifies

    • Restaurants
    • Hair Salons
    • Cafés and coffee shops
    • Catering companies
    • Bars and pubs
    • Hotel restaurants
    • Any other businesses with tipped W2 employees
     
     

    Potential Savings

    Employees Avg Tips / Employee Total Annual Tips Annual FICA Credit (7.65%) Potential 4-Year Savings
    10 $20,000 $200,000 $15,300 $61,200
    50 $25,000 $1,250,000 $95,625 $382,500
    100 $30,000 $3,000,000 $229,500 $918,000

    This is an IRS credit that you can claim now for the years 2022, 2023, 2024 and 2025.

    Qualifying businesses typically see $500–$2,000 per tipped employee annually. Claim the FICA Tip Credit that's rightfully yours.

    Our CPA team has claimed $400 million in Employee Retention Tax Credits, for small businesses, over the last 4 years. They know how to work with the IRS to get the tax credits that businesses deserve.

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