FICA Tip Credit Calculator
Our FICA Tip Calculator helps you reveal your annual savings per employee. The Federal Insurance Contributions Act (FICA) says that the tips your employees receive from customers count as taxable income for which you can earn credit.**
How to Use This FICA Tip Calculator
Using our FICA Tip Calculator is quick and easy. Just input your average hours worked per week, average hourly rate, average reported tips per week, and federal wage rate.
Our FICA Tip Credit Calculator will then do the rest, calculating your annual savings per employee. So if you’re looking to get the most out of your FICA Tip Credit, try our FICA Tip Credit Calculator today!
**Please note that this is not all inclusive. Our guidance is designed only to give general information on the issues actually covered. It is not intended to be a comprehensive summary of all laws which may be applicable to your situation, treat exhaustively the subjects covered, provide legal advice, or render a legal opinion. Please check with your state guidelines to see if you are in fact eligible for the FICA tip credit. Calculation assumes all employees.
**Please note that this is not all inclusive. Our guidance is designed only to give general information on the issues actually covered. It is not intended to be a comprehensive summary of all laws which may be applicable to your situation, treat exhaustively the subjects covered, provide legal advice, or render a legal opinion. Please check with your state guidelines to see if you are in fact eligible for the FICA tip credit. Calculation assumes all employees.