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What Type Of Income Is A Tip? [Solved]
taxable income If your tips each month are $20 or more, they’re taxable income. They’re also subject to Social Security and Medicare tax withholding. If you receive $20 or more per month in cash tips, report that income to your employer. Your employer will report your tip income on your W-2, Box 7 (Social Security tips).
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9 Passive Income Ideas - How I Make $27k per Week
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