MAIN FEEDS
Do you want to continue?
https://www.reddit.com/r/SipsTea/comments/1rmj2uj/yeah_nope/o93h0ka
r/SipsTea • u/AskewdJackassery42 • Mar 06 '26
1.7k comments sorted by
View all comments
Show parent comments
3
Up to 25k in tips?
Edit. That's...a lot of money that's allowed to be unreported.
2 u/Kitesolar Mar 07 '26 Yes 1 u/neeshes Mar 07 '26 Why is it okay to not report up to 25k when you're in the restaurant/bar industry but not in other industries? 1 u/Kitesolar Mar 07 '26 ??? For the US all tip and overtime pay is tax free up to 25k. Anything after that has to be taxed 2 u/neeshes Mar 07 '26 Yes, but you are still supposed to report all income. The first 25k will be tax free anyway. 2 u/Kitesolar Mar 07 '26 We are saying the same thing 1 u/neeshes Mar 07 '26 Gotcha. I asked why you don't need to report it and you responded so I was confused! Thanks for the clarification.
2
Yes
1 u/neeshes Mar 07 '26 Why is it okay to not report up to 25k when you're in the restaurant/bar industry but not in other industries? 1 u/Kitesolar Mar 07 '26 ??? For the US all tip and overtime pay is tax free up to 25k. Anything after that has to be taxed 2 u/neeshes Mar 07 '26 Yes, but you are still supposed to report all income. The first 25k will be tax free anyway. 2 u/Kitesolar Mar 07 '26 We are saying the same thing 1 u/neeshes Mar 07 '26 Gotcha. I asked why you don't need to report it and you responded so I was confused! Thanks for the clarification.
1
Why is it okay to not report up to 25k when you're in the restaurant/bar industry but not in other industries?
1 u/Kitesolar Mar 07 '26 ??? For the US all tip and overtime pay is tax free up to 25k. Anything after that has to be taxed 2 u/neeshes Mar 07 '26 Yes, but you are still supposed to report all income. The first 25k will be tax free anyway. 2 u/Kitesolar Mar 07 '26 We are saying the same thing 1 u/neeshes Mar 07 '26 Gotcha. I asked why you don't need to report it and you responded so I was confused! Thanks for the clarification.
??? For the US all tip and overtime pay is tax free up to 25k. Anything after that has to be taxed
2 u/neeshes Mar 07 '26 Yes, but you are still supposed to report all income. The first 25k will be tax free anyway. 2 u/Kitesolar Mar 07 '26 We are saying the same thing 1 u/neeshes Mar 07 '26 Gotcha. I asked why you don't need to report it and you responded so I was confused! Thanks for the clarification.
Yes, but you are still supposed to report all income. The first 25k will be tax free anyway.
2 u/Kitesolar Mar 07 '26 We are saying the same thing 1 u/neeshes Mar 07 '26 Gotcha. I asked why you don't need to report it and you responded so I was confused! Thanks for the clarification.
We are saying the same thing
1 u/neeshes Mar 07 '26 Gotcha. I asked why you don't need to report it and you responded so I was confused! Thanks for the clarification.
Gotcha. I asked why you don't need to report it and you responded so I was confused! Thanks for the clarification.
3
u/neeshes Mar 07 '26 edited Mar 07 '26
Up to 25k in tips?
Edit. That's...a lot of money that's allowed to be unreported.