DON’T FORGET: The tax deadline is fast approaching. Contact us to get started on your return today.

Video Tips: Employee Holiday Gifts May Be Taxable

It is a common practice this time of year for employers to give their employees gifts. Where a gift is infrequently offered and has a low fair market value, it would be treated as a de minimis fringe benefit. As such, it would be tax-free to the employee, and its cost is tax deductible by the employer.

Share this article...

Want tax & accounting tips and insights?

Sign up for our newsletter.

I confirm this is a service inquiry and not an advertising message or solicitation. By clicking “Submit”, I acknowledge and agree to the creation of an account and to the and .
Premier Growth Financial Welcome to TaxBot - Your smart tax assistant, simplifying deductions and maximizing returns.
Ask us a question
Please fill out the form and our team will get back to you shortly The form was sent successfully