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As a freelance photographer (sole proprietor), I give Christmas gifts to my best clients, usually in the form of Starbucks gift cards. Are those gift cards deductible?
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Yes, they are. However, the deduction is generally limited to $25 per client, per year (plus incidental expenses, such as packaging and mailing).
Please see "$25 Limit" on page 14 of IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses for more information.
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