Biz Write-Offs LogoBiz Write-Offs

Closing gifts for clients

$25 limit per client

Can You Write Off Closing Gifts for Clients?

Short answer: Only $25 per client per year for gifts, unless it's marketing like a logo item.

Gifts to businesses with multiple people still face the $25 cap per person.

Records to keep: Keep receipts, 1099s and platform tax summaries, a mileage log, and a note of the business purpose.