BREAKING: The 45B FICA Tip Tax Credit is now LAW.
After decades of exclusion, the professional beauty industry finally has the tax fairness it’s fought for. 🎉
For the first time ever, salon, spa and barbershop owners will receive a dollar-for-dollar tax credit on employer-paid FICA taxes for employee tips—the same credit restaurant owners have received since 1993.
This historic win corrects a long-standing tax inequity and marks a major victory for more than 1.3 million beauty professionals across the country.
🧾 Passed as part of the federal reconciliation package, the legislation also includes a No Tax on Tips deduction for workers—ushering in a new era for small business owners and service providers.
🙌 This moment was made possible by relentless advocacy from organizations like probeautyassoc, isbnmembers and every professional who raised their voice to demand change.
Comment "LAW" or tap the link in bio to read what this means for your business.
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