would it possible that there is a way to write off or expenses out on my restaurant tips ? as a server, I got tips included in my w2 as social security tips (box 7) … 99% of my income is from tips, and no federal tax deducted …. i am hitting a big balance due this year and wonder if there is anyway i get reduce it down ?
No, not really. They are income, so are taxed as normal income would be.