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Is received company swag considered as taxable income?
I reported a broken link (URL) contained in an automated email message I received from a tech company.
They updated the link and asked me for my T-shirt size so they could send me some swag "by way of thanks".
I did that, and they sent more than just a T-shirt: swag with a total retail value of about $25 to $50 USD.
According to Column: Taxable swag: If you got free goodies, the IRS wants to know, it looks like the IRS may consider that to be taxable income.
Is that correct?
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‎October 1, 2022
4:08 PM