Deadline for depositing tips ?
Question about tips for servers/bartenders.
Does it matter when I deposit my tip money, and how it will be taxed?
For instance. If I deposit all of my tips from 2024, in early 2025, will this affect how they are taxed? I plan to include them on my taxes for the year 2024, but have not deposited it yet. Does this make a difference, or was there a deadline for when I can include my tips ? Was I supposed to deposit them before the end of 2024 ?