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.

Number of Restaurant Locations

Number of Full-Time Servers

Median Server Income

Hours Worked per Month

Tips % of Total Income

Wage to Server ($/hr)

Minimum Wage Basis ($/hr)

Estimated 3-year FICA Refund/Credit

$200,009.25

Per Server Breakdown

Monthly Tips:$2,075.00

Tips Not Creditable:$0.00

Creditable Tips:$2,075.00

Monthly Credit:$158.74

Annual Credit per Server:$1,904.85

3-Year Credit per Server:$5,714.55

Server Income Details

Monthly Income:$3,458.33

Annual Income:$41,500.00

Effective Hourly Rate:$19.99/hr

Servers needed for $100k credit:17

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.

Note: This is an estimation tool. Please consult with a tax professional for specific advice regarding your tax situation.