Toast Paycard

Joyfulness — Sun, 22 Sep 2024 16:54:11 GMT

Quick question about the Toast Paycard.

If a server makes $100 in credit card tips, do they get the entire $100 deposited onto their paycard?

Or, are some form of taxes taken out?

If taxes are taken by default taken out, is there a way to opt out of estimated taxes being withheld and let the person being paid handle their own taxes?

Re: Toast Paycard

Rob — Fri, 27 Sep 2024 17:09:58 GMT

Thanks for reaching out to the community; it seems this might be up to you! More information about paycards can be found below!

How do I customize PayOuts and adjust settings?

"Employers have the option to customize settings for Toast PayOuts.² ³ The default setting is to offer Toast PayOuts that are limited to a portion of wages and tips to help account for estimated taxes, withholdings, and deductions. Employers can limit access to Toast PayOuts for tips and/or wages or offer Toast PayOuts for tips that are not adjusted for estimated tax withholdings and deductions. To update your settings, log into Toast Payroll and navigate to Settings > Pay Card and follow the instructions on the page."

Toast Payroll: Get Help With Toast Pay Card - Employer Guide
Toast Payroll: Use the Toast Pay Card - Employer Guide

topic Toast Paycard in Back Office & Team

Toast Paycard

Re: Toast Paycard