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Should I Put Unreported Tips On My Taxes? [Solved]
Preparing Form 4137 First, you must report all unreported tips—even if under $20—which are subject to the Medicare tax. This amount is multiplied by the appropriate tax rate. The second calculation for your Social Security tax is similar, but it only applies to the first $142,800 (for 2021) of income.May 5, 2022
IRS Tax Tip - Here’s what taxpayers need to know about reporting tip income on their tax return
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