Is the No Tax on Tips Only for Cash Tips? Debunking the Myth and Understanding Tip Taxation
The Persistent Myth: Tax-Free Cash Tips A common misconception among tipped employees revolves around the taxation of tips. Many believe that only cash tips escape the taxman’s grasp, leading to the question: Is the no tax on tips only for cash tips? The short answer is a resounding no. This belief is a dangerous misunderstanding … Read more
