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 our best tax and accounting tips and insights delivered to your inbox?

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 .

Our Offices

Our expertise is widespread and we have multiple office locations to make it convenient for you to get help. You can find us at:

Tupelo Location

110 N Madison St
PO Box 196
Tupelo, MS 38804
Monday-Friday, 8:00-5:00

Amory Location

204 S Main Street
PO Box 64
Amory, MS 38821
(662) 796-3594
info@nmcpa.com
Monday-Friday, 8:00-5:00