Legal Question in Business Law in Illinois

What is allowable in dollars to gift to a customer / client?


Asked on 2/15/10, 8:19 am

2 Answers from Attorneys
Patrick Crotty Crotty & Smyth

You can deduct no more than $25 for business gifts you give directly or indirectly to each person (customer or not) during each tax year.

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Answered on 2/20/10, 1:07 pm
Thomas Moens Moens Law Offices, Chartered

It depends on your business. For example, if you are a real estate services provider, you would have special rules for giving gifts to individuals who refer business to you.

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Answered on 2/22/10, 6:58 am


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