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FICA Tip Credit Calculator

Calculate how much FICA tax credit your restaurant can claim based on employee tips. This calculator is based on IRS Section 45B, which allows employers to claim a credit for the FICA taxes paid on tips that exceed the federal minimum wage.

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Calculating FICA credit...

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Note: This calculator is based on IRS Section 45B, which allows employers to claim a credit for the FICA taxes paid on tips that exceed the federal minimum wage. This is an estimation tool. Please consult with a tax professional for specific advice regarding your tax situation.