Form 8846 credit-2026

1. Click ‘Get Form’ to open Form 8846 in the editor.
2. Begin by entering your identifying number and the name(s) shown on your tax return at the top of the form.
3. In Line 1, input the total tips received by employees for which you paid or incurred employer social security and Medicare taxes during the tax year.
4. For Line 2, calculate any tips not subject to credit provisions. If all tipped employees earned more than $5.15 an hour, enter zero.
5. Subtract Line 2 from Line 1 to find your creditable tips and enter this amount in Line 3.
6. Multiply the amount in Line 3 by 7.65% (0.0765) for Line 4. If applicable, check the box if any employee's wages exceeded $142,800.
7. Add Lines 4 and any amounts from partnerships or S corporations in Line 5, then report this total on Schedule K or Form 3800 as instructed.

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