IRS Section 45B Food & Beverage FICA Credit

Recover Thousands in FICA Tip Tax Credits

Most restaurant and bar owners don't realize they pay double taxes on employee tips. Next Wave Advisor helps you claim dollar-for-dollar tax credits up to 7.65% of all qualified tip income.

Modeled on Tip Credit Partners Protocols•Reference Program: TipCreditPartners.com/6k7d

Calculate Tip Credit Now Free Hospitality Assessment

Is Your Venue Eligible?

If your staff customarily receives tips and you pay FICA taxes on those reported tips, you are eligible for this federal credit.

Full-Service Restaurants

Fine dining, casual dining, steakhouses, bistros, and family eateries with table service.

Average 15-40 tipped servers & bussers

Bars, Lounges & Nightclubs

Venues primarily serving beverages where bartenders, barbacks, and cocktail staff collect tips.

High tip volume per transaction

Hotels & Resorts

Hospitality venues where bellhops, valet, concierge, banquets, and room service receive tips.

Multifaceted tipped workforce

Cafes & Coffee Houses

Fast-casual breakfast spots, bakeries, and specialty coffee shops with tip-pool setups.

Counter staff & barista tips

Hospitality Tax Credit Estimator

FICA Tip Tax Credit Calculator

7.65% of Qualified Reported Tips

Number of Tipped Employees18 Staff

2 Staff50 Staff120+ Staff

Average Monthly Reported Tips per Employee$2,400/mo

$500/mo$2,500/mo$6,000/mo

Why restaurants miss this:

Most standard CPAs prepare annual returns with only general deductions and fail to file IRS Form 8846. Next Wave Advisor works alongside your current accountant or files directly on your behalf.

Annual & Retroactive FICA Credit

Estimated Annual Tax Credit:

$39,658/ year

Estimated 3-Year Retroactive Refund:

$118,974

Claimable on amended Form 941 & corporate returns for open tax years.

Recover This FICA Credit

Simple 4-Step Recovery Process

We handle the paperwork, payroll audit, and IRS coordination so you can focus on running your dining room.

Simple Intake

Upload basic POS tip reports or 941 payroll summaries with our secure 256-bit portal.

CPA Calculation

Our hospitality tax specialists calculate Section 45B allowances against federal wage baselines.

IRS Form 8846 Filing

We prepare all supporting schedules and coordinate filing with your current CPA or tax preparer.

Receive Funds

Receive your credits and refunds in weeks, replenishing critical restaurant cash reserves.

Frequently Asked Questions: Tip Credits

Get clear answers from Next Wave Advisor' hospitality tax team.

The Section 45B credit is a federal tax credit allowing food and beverage employers to claim back the 7.65% Social Security and Medicare taxes they paid on employee tips exceeding federal minimum wage. It is a direct dollar-for-dollar tax credit, not merely a deduction.

No Cost • Zero Risk Review

Claim Your FICA Tip Tax Credit

Submit your restaurant or hospitality venue details for a free, zero-risk assessment of your current year and 3-year retroactive tip refund.