Veserr@sh.itjust.works to World News@lemmy.worldEnglish · 10 hours agoWorld Cup fans frustrated by 'confusing and expensive' tipping culture in USwww.bbc.comexternal-linkmessage-square50fedilinkarrow-up1152arrow-down14
arrow-up1148arrow-down1external-linkWorld Cup fans frustrated by 'confusing and expensive' tipping culture in USwww.bbc.comVeserr@sh.itjust.works to World News@lemmy.worldEnglish · 10 hours agomessage-square50fedilink
minus-squaretias@discuss.tchncs.delinkfedilinkEnglisharrow-up4·8 hours agoHold on. Is there no tax on the tip?
minus-squareteyrnon@sh.itjust.workslinkfedilinkEnglisharrow-up3arrow-down1·6 hours agoOnly as of the bill last year the president passed, but that no tax on tips, a campaign pledge, is temporary and will expire. I think after this year.
minus-squarefrongt@lemmy.ziplinkfedilinkEnglisharrow-up3arrow-down1·7 hours agoAs of last year, for the most common scenarios, yes, up to $25,000. https://www.fidelity.com/learning-center/personal-finance/no-tax-on-tips
minus-squareredlemace@lemmy.worldlinkfedilinkEnglisharrow-up3arrow-down1·8 hours agodeleted by creator
minus-squareUnrefinedChihuahua@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up1·8 hours agoOnly if the server reports it as income (in Canada, at least).
minus-squareteyrnon@sh.itjust.workslinkfedilinkEnglisharrow-up2arrow-down1·6 hours agoAlmost all tips are by credit card now in the US so most all of them you can’t underreport for taxes anymore.
Hold on. Is there no tax on the tip?
Only as of the bill last year the president passed, but that no tax on tips, a campaign pledge, is temporary and will expire. I think after this year.
As of last year, for the most common scenarios, yes, up to $25,000. https://www.fidelity.com/learning-center/personal-finance/no-tax-on-tips
deleted by creator
Only if the server reports it as income (in Canada, at least).
Almost all tips are by credit card now in the US so most all of them you can’t underreport for taxes anymore.