Can I write off business-related gifts?

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The IRS allows you to deduct up to $25 per recipient per year for business gifts. This limit applies regardless of the number of gifts you give to the same person. If you give a gift to a company, the $25 limit applies to the company as a whole, not each individual employee. Gifts that are promotional items with your business name on them and cost $4 or less are not subject to the $25 limit.

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