I'm a self employed hair stylist. Where do i add my tips onTurboTax Self-Employed Tax Prep Checklist? Thanks

Forum|Forum|1 year ago
February 17, 2025
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It says total gross and gst.. tips aren't taxed with gst..

pk12_2

@RodEgby , under current laws, tips are treated as ordinary & active income. So on your schedule-C, you show this as gross income. TurboTax will walk you through filling out the Schedule-C. Note that the net income from Schedule-C will trigger filing of Schedule -SE and therefore the SECA tax ( this is the equivalent of FICA taxes paid by wage earners except it is at 15.3% of the income --- Social Security and Medicare tax and because you have no employer to share with ).

Does this make sense ? Is there more I can do for you ?

DawnC

You can include the tips with your other business income. Tips are general or other self-employment income. All cash revenue can be reported on the same place on Schedule C in TurboTax as it is all taxed the same. Where do I enter self-employment income.