Finance and Forex Trading Forum

Tax Tip · Guest

If you give gifts in the course of your business, you can deduct all
or part of the cost, but you cannot deduct more than $25 for each
business gift that you gave away during the tax year.

Incidental costs, like gift wrapping, packaging, insuring, and
mailing, are generally not included in determining the cost of the
gift.

Gift items that are exempted from the $25 limit are:

1. Any item that is less than $4 and it has your name clearly and
permanently imprinted on the gift, or if the gift is one of many
identical items that you widely distribute, like pens and cases.

2. Signs, display racks, and other promotional materials that are to
be used on the business premises of the receiver

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