Tip Income Reporting

Tips Of Less Than $20 A Month

If you're total tips for any 1 month from any one job are less than $20, do not report the tips for that month to that employer. Tips of less than $20 are not reportable to the employer and not subject to FICA tax But are subject to income tax.

Note If you need professional help with "Tip Income Reporting" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.