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Taxes
Four Tax Tips about Tip Income 1. Tips are taxable. Tips are subject to federal income, Social Security and Medicare taxes. The value of non–cash tips, such as tickets, passes or other items of value, is also income and subject to tax. 2. Include tips o...
Author: Jerry Smith
Get Latest Tax Tips for 2011 Tax Year Online
09th February 2011Four Tax Tips about Tip Income 1. Tips are taxable. Tips are subject to federal income, Social Security and Medicare taxes. The value of non–cash tips, such as tickets, passes or other items of value, is also income and subject to tax. 2. Include tips o...
Author: Jerry Smith