WASHINGTON DC — Congressman Darin LaHood (IL-16) and Congresswoman Suzan DelBene (WA-04) have reintroduced the Small Business Tax Fairness and Compliance Simplification Act, a bill designed to extend the Federal Insurance Contribution Act (FICA) tax tip credit to salon and beauty service employers. This would provide similar tax relief to the beauty industry that is currently available to the food service sector. The FICA tip credit helps employers manage the costs associated with reporting tip income and reduces tax burdens. By offering this credit to beauty businesses, the bill aims to simplify tax compliance and support small, women-owned businesses in the beauty industry.
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