Make Sure You Haven't Overlooked the Opportunity to Claim the FICA Tip Credit

​While this may be old news to some, there are still many restaurant businesses who qualify for the FICA Tip Credit and have not claimed it. 
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What is the FICA Tip Credit?
As a restaurant operator, you're paying employer FICA taxes on every dollar your staff receives in tips. What you might not know is that the federal government offers a special tax credit exclusively for food and beverage employers that reimburses these costs. 

The FICA Tip Tax Credit allows you to claim the employer-paid portion of Social Security and Medicare taxes on employee-reported tips as a credit against your tax liability. And you can claim this retroactively for the past three tax years!

You can only amend your tax return up to 3 years of taxes if you have not been taking the FICA Tip Tax Credit.  As soon as 2025 ends, you will lose one tax year of tax credit that you could have collected. We heard from a WRA member who got back $82K from this opportunity.

Help is Available From WRA's Partner Adesso 
The Wisconsin Restaurant Association has partnered with Adesso, specialists in restaurant tax credits, to help you navigate this often-overlooked opportunity. Their experts work directly with you throughout the entire process, handling the documentation and filing to maximize your refund. 
 
Check to See If You Qualify
It's definitely worth double checking that your business is taking advantage of this tax credit—before the year is over and before tax preparers get super busy with tax time. 

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"Adesso Capital made claiming my FICA Tip Credit effortless. I recovered nearly $83,000 from FICA, actual refunds, not just credits. The process was smooth, and their team handled everything. If you’re in the restaurant industry, this is a no-brainer."

—Alastair Cumming, Co- Owner, Sopra Bistro

More Info

See if You Qualify