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Article Date:
February 2010

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Business Gift Basket Tax Deduction

During the holiday season, I send gift baskets to colleagues, referral sources, and select customers. My purpose is to keep my name in front of these people for obvious business reasons. Can I write off the cost of the gift baskets as a business expense? (J.T., New London, CT)


Yes, you may write off the gift baskets as business gifts but only up to $25 annually for each recipient.1


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