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...
FAQs Frequently Asked Questions
Let's Connect
Please fill out the form and our team will get back to you shortly The form was sent successfully