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Department of the Treasury
Internal Revenue Service
Publication 531
Cat. No. 15059V
Reporting
Tip
Income
For use in preparing
2016 Returns
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Contents
Future Developments ....................... 1
What's New .............................. 1
Reminder ................................ 1
Introduction .............................. 2
Keeping a Daily Tip Record .................. 2
Reporting Tips to Your Employer .............. 3
Reporting Tips on Your Tax Return ............ 5
Allocated Tips ............................ 6
How To Get Tax Help ....................... 7
Index .................................. 10
Future Developments
For the latest information about developments related to
Pub. 531, such as legislation enacted after this publication
was published, go to www.irs.gov/pub531.
What's New
For 2016, the maximum wages and tips subject to social
security tax remains at $118,500. The social security tax
rate an employee must pay on tips remains at 6.2%
(0.062).
Reminder
Additional Medicare Tax. A 0.9% Additional Medicare
Tax applies to Medicare wages, Railroad Retirement Tax
Act (RRTA) compensation, and self-employment income
that are more than:
$125,000 if married filing separately,
$250,000 if married filing jointly, or
$200,000 for any other filing status.
An employer is required to withhold Additional Medicare
Tax on any Medicare wages or RRTA compensation it
pays to an employee in excess of $200,000 in a calendar
year without regard to the employee's filing status.
Photographs of missing children. The Internal Reve-
nue Service is a proud partner with the National Center for
Missing and Exploited Children. Photographs of missing
children selected by the Center may appear in this publi-
cation on pages that would otherwise be blank. You can
help bring these children home by looking at the photo-
graphs and calling 1-800-THE-LOST (1-800-843-5678) if
you recognize a child.
Dec 12, 2016