Can freelancers deduct gift cards for employee bonuses?

FreelancersFreelancersConsultantsSmall Business OwnersIndependent Contractors

Freelancers can generally deduct gift cards given as employee bonuses as a business expense, but these are considered taxable compensation to the recipient, not gifts.

Popular Related Pages

Back to FAQ Search Write-Offs

Related Questions

Is is executive coaching tax deductible tax deductible?

Executive coaching can be tax deductible if it is directly related to your trade or business and hel...

Is can you write off gas to work a business expense?

Gas expenses for commuting to a regular workplace are not deductible as a business expense. However,...

Is can i write off gas a business expense?

Gas can be a deductible business expense if it is used for business purposes, but it must be properl...

Is 6000 lb suv a valid tax write-off?

A 6,000 lb SUV can be a valid tax write-off under certain conditions, primarily through the Section ...