A business gift with a value of $35 presented to a client and his nonclient spouse is fully deductible by the donor.

Question

Quizplus · Accepted Answer

The IRS generally allows a deduction of up to $25 for business gifts per recipient, per year. Gifts over this amount are not fully deductible. Since the gift is to a client and their spouse, the total deductible amount would be $50 ($25 per recipient), not $35 for both.

A Business Gift with a Value of $35 Presented to a Client