Support the FICA Tax Tip Credit
The Small Business Tax Fairness and Compliance Simplification Act, known commonly in the beauty industry as the FICA Tax Tip Credit, would extend the current 45(b) FICA tax tip credit to salon and spa owners - a credit granted to restaurant owners in
1993 - while providing equality and increased compliance for America's small businesses in the salon and spa industry.
Like the restaurant industry, salon and spa professionals receive a significant amount of their income through tips, which by law must be reported as income. Beauty industry employers are responsible for paying the 7.65% FICA (Social Security and Medicare)
taxes on all employee income, including customer-paid tips. Salon and spa owners do NOT receive any of this tip income yet are required to pay taxes on it.
Donate Now
We Need Your Support!
PBA has championed the FICA Tax Tip Credit legislation for nearly a decade. We need your support to help us fight to keep tax dollars where they belong – in our salons and spas!
For donations of $5,000 or more, or to learn about other ways you can support this legislation, please contact Myra Irizarry Reddy at myra@probeauty.org or 800.468.2274 ext. 3451.
FICA DONORS
Bill Sponsors
Darin LaHood (R-IL)
Suzan DelBene (D-WA)
Ben Cardin (D-MD)
Rob Portman (R-OH)
Join YOUR Association!
With benefits like industry event and product discounts, business building tools, top industry news and research, the Professional Beauty Association is the place where you belong.