LEGAL GUIDE
Written by attorney Kreig Daymond Mitchell | Jun 14, 2018

The FICA Tip Tax Credit: An Often Overlooked Tax Benefit

Restaurant and bars pay a significant amount of taxes. This includes paying FICA or payroll taxes. Congress provided an income tax credit to help mitigate the impact of the high payroll taxes these businesses incur. Unfortunately, many restaurant and bars do not know of or take this tax credit.

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