About the tax estimate
Tipfolio helps you set aside money for taxes on your tips. The set-aside is a rough estimate based on the state you pick and the income you log. It is not tax advice, a tax return, or a promise of what you will owe.
Your real tax depends on your full situation: filing status, other income, deductions, credits, and the current year's rules. Your actual bill can be higher or lower than the estimate here or in the app.
Card tips are usually reported through your employer. Cash tips are the part people most often forget to set aside for, so the estimate can include them.
For anything that matters, talk to a qualified tax professional. Tipfolio does not file taxes, move money, or share your data.
Estimate only. Consult a tax professional.