Veserr@sh.itjust.works to World News@lemmy.worldEnglish · 3 days agoWorld Cup fans frustrated by 'confusing and expensive' tipping culture in USwww.bbc.comexternal-linkmessage-square145fedilinkarrow-up1300arrow-down19cross-posted to: world@lemmy.world
arrow-up1291arrow-down1external-linkWorld Cup fans frustrated by 'confusing and expensive' tipping culture in USwww.bbc.comVeserr@sh.itjust.works to World News@lemmy.worldEnglish · 3 days agomessage-square145fedilinkcross-posted to: world@lemmy.world
minus-squaretias@discuss.tchncs.delinkfedilinkEnglisharrow-up5·3 days agoHold on. Is there no tax on the tip?
minus-squareteyrnon@sh.itjust.workslinkfedilinkEnglisharrow-up3arrow-down1·3 days 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-up4arrow-down2·3 days 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-up2·2 days agoWell that explains why it’s so prevalent
minus-squarearchitect@thelemmy.clublinkfedilinkEnglisharrow-up1·2 days agoWhats prevalent? Tips have been included in everything since covid.
minus-squareUnrefinedChihuahua@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up2·3 days agoOnly if the server reports it as income (in Canada, at least).
minus-squareteyrnon@sh.itjust.workslinkfedilinkEnglisharrow-up2arrow-down1·3 days agoAlmost all tips are by credit card now in the US so most all of them you can’t underreport for taxes anymore.
minus-squareredlemace@lemmy.worldlinkfedilinkEnglisharrow-up3arrow-down1·3 days agodeleted by creator
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
Well that explains why it’s so prevalent
Whats prevalent? Tips have been included in everything since covid.
Tipping is prevalent.
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.
deleted by creator