skip navigation
skip all navigationskip to business related indexskip to resource indexskip to main navigation 
What's New
Updates
Rate this Product
Business Related Index
Pre Start-Up
Starting Your Business
Federal Employer Identification Number/Form SS-4
Recordkeeping
Accounting Periods & Methods
Selecting a Business Structure
What are Business Assets
What is Business Income
What are Business Expenses
Specialized Guidance
Hiring
Preparing Tax Returns
e-file
Filing Returns/
  Paying Taxes
Changing/Closing
  Your Business
Post-Filing Issues
Other Tax Issues
Resource Index
IRS Business Forms/
  Publications
Teens in Biz
FAQ
State and Local
  Government
Helpful Links
Small Business Products
BackHomeNextseparator Help IRS Tax Map
Research Tool		 Site Map Search Accessibility Features
Index > Starting Your Business > What are Business Expenses

Starting Your Business

What are Business Expenses

Business Gifts

If you give business gifts in the course of your trade or business, you can deduct the cost subject to certain limits and rules.

You can deduct no more than $25 for business gifts you give directly or indirectly to any one person during your tax year.

Important References:

Publication 463                  Travel, Entertainment, Gift, and Car Expenses
Schedule C (Form 1040)     Profit or Loss From Business