Employee Gift Cards are no longer deductible to the employer!
Here’s what the IRS has to say about it
Incidental costs such as engraving, packing or shipping aren’t included in the limit if they don’t add substantial value to the gift.
Any item that could be considered either a gift or as entertainment is generally considered entertainment and cannot be deducted.
So, in brief, the IRS says NO to deducting employee gift cards but YES to awards like walnut plaques, modern looking plaques, custom shaped acrylic awards, acrylic trophies, glass trophies, most engraved items and the like!
If you'd like to learn more about awards that do qualify as a write-off for you can schedule call Gino's Awards. We ensure total customer satisfaction.
Gino's Awards Inc located in Cleveland, Ohio since 1950