Employment-based salons have been subject to unfair disparities in the tax code for decades. As service sector small businesses commonly owned by women and minorities, the beauty industry is deserving of equitable access to the existing 45 (b) tax tip credit which will create tax parity allowing salons to thrive.
The 45B FICA Tax Tip Credit for Salons is bipartisan, bicameral legislation which directly help women, minorities, and small business owners while shrinking the tax gap and increasing tip reporting compliance.
Hair salons, barbershops and other beauty service establishments are some of the most reliable paths to the middle class for women and minorities, employing more than 2x the national average.
Expanding this credit will help marginalized communities build a better future for themselves and their families.
We need more support than ever to include salons in the 45B FICA tax tip credit. Here is how you can help take action and spread the word!
Download the toolkit and share with your industry friends and clients why the 45B FICA tax tip credit is vital to our industries success.
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!
Salons across the country are struggling financially and many will not make it through this crisis. Sign on to the letter below to ask Congress to include a retroactive FICA tax tip credit for salons in the next stimulus package. Salons have been the hardest hit by this pandemic and need funds now to ensure they will remain in business. The beauty industry needs your voice!