Tax Free Tips?! How much will my employees & contractors save?
OBJECTIVES
- To estimate tax savings for employees & contractors who earn tips
RESULTS
- Determine tax savings quickly and efficiently
- Provide tax benefits and incentives to employees & contractors during hiring process
Please make sure to read the disclaimers at the bottom of this page!
DISCLAIMERS
- This tool provides estimates of potential tax savings only. For case-specific projections and estimates, please seek a qualified tax advisor or accountant.
- The results are estimates based on the data you enter and are not guaranteed tax savings.
- Tip tax deductions rules and guidelines are subject to change as further legislation is provided.
- The IRS released a full list of occupations permitted to take this deduction. See link below:
