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Remember: Tip Income is Taxable

Earlier this year PaycheckCity reported on the controversial IRS ruling that reclassified some restaurant servers’ automatic gratuities from a tip to a wage, thus making these gratuities subject to additional taxes on the employee and employer fronts. Now, as the 2013 tax filing system is well under way, the IRS is also issuing important reminders to workers who get tips on the job from customers. Read on to make sure that you are up to date on what you should know about your tip income.

Remember: Tip Income is Taxable

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