Can I take Best Buy as a deduction?

This was a Christmas gift - deductible?

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Dixon Garcia

CPA, FlyFin

In General, the IRS does not allow any Entertainment, Personal, living or family expenses as tax deductions. However, you can deduct no more than $25 of the cost of business gifts to your client you give directly or indirectly to each person during the tax year.

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About Author

Dixon Garcia

CPA, FlyFin

Dixon is one of the best tax experts from the United States. He has an experience of 28 years in the field of corporate finance. Before FlyFin, Dixon had served as the Tax Head at KPMG, NJ.

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