More on Awards & Taxes

Advice on navigating the tax codes around employee gifts

Qualified plan awards

The amount of your deduction depends on whether your award is considered a "qualified plan" award. To be a qualified plan award, the award for length of service or safety achievement must be given under an established written plan or program that does not discriminate in favor of highly compensated employees.

You may deduct up to $1,600 for all qualified plan awards (safety and length of service) given to the same employee during the taxable year. The ave

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