Veserr@sh.itjust.works to World News@lemmy.worldEnglish · 1 month agoWorld Cup fans frustrated by 'confusing and expensive' tipping culture in USwww.bbc.comexternal-linkmessage-square146linkfedilinkarrow-up1301arrow-down19cross-posted to: [email protected][email protected]
arrow-up1292arrow-down1external-linkWorld Cup fans frustrated by 'confusing and expensive' tipping culture in USwww.bbc.comVeserr@sh.itjust.works to World News@lemmy.worldEnglish · 1 month agomessage-square146linkfedilinkcross-posted to: [email protected][email protected]
minus-squaretias@discuss.tchncs.delinkfedilinkEnglisharrow-up5·1 month agoHold on. Is there no tax on the tip?
minus-squareUnrefinedChihuahua@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up2·1 month agoOnly if the server reports it as income (in Canada, at least).
minus-squareteyrnon@sh.itjust.workslinkfedilinkEnglisharrow-up2arrow-down1·1 month agoAlmost all tips are by credit card now in the US so most all of them you can’t underreport for taxes anymore.
minus-squareUnrefinedChihuahua@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up1·1 month agoYeah good call, I did not think of that.
minus-squarefrongt@lemmy.ziplinkfedilinkEnglisharrow-up4arrow-down2·1 month 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-squaretias@discuss.tchncs.delinkfedilinkEnglisharrow-up2·1 month agoWell that explains why it’s so prevalent
minus-squarearchitect@thelemmy.clublinkfedilinkEnglisharrow-up1·1 month agoWhats prevalent? Tips have been included in everything since covid.
minus-squareredlemace@lemmy.worldlinkfedilinkEnglisharrow-up3arrow-down1·1 month agodeleted by creator
minus-squareteyrnon@sh.itjust.workslinkfedilinkEnglisharrow-up3arrow-down1·1 month 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.
Hold on. Is there no tax on the tip?
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.
Yeah good call, I did not think of that.
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
Well that explains why it’s so prevalent
Whats prevalent? Tips have been included in everything since covid.
Tipping is prevalent.
deleted by creator
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.