“The Pitiful and Outdated
Tax Code Business Gift Limit”
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with all the details…
You send gift baskets to clients, referral sources, colleagues.
But how much can you actually write off?
The limit was set in 1962—when gas cost 31 cents and a Ford ran you $2,645.
It hasn’t changed since.
Adjusted for inflation, it should be around $268 today. Instead? A fraction of that.
There are a few workarounds. And certain costs that may not count against the limit at all.
See What You Can Actually Deduct
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“The Pitiful and Outdated
Tax Code Business Gift Limit”