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Business Gifts

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Business Gifts
Business gifts are gifts to a taxpayer's clients or other business associates made in the course of the taxpayer's trade or business. They must be ordinary and necessary to the taxpayer's business. The cost of qualified business gifts is deductible to a maximum of $25 per year per client or customer. The $25 limit does not apply to promotional items costing $4 or less on which the taxpayer's name is clearly imprinted.


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You can find personalized business gifts in most specialty stores.
Example, if you have an active athlete during your wedding, you can give him a sports related gift, or if he is a professional you can give him business gifts.
Online stores offer a wide array of business gifts selection, and their prices vary accordingly.
 
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