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Can you deduct the full amount paid for Christmas gifts to customers, or is it just $25 per individual on your business tax return?
If I am remembering correctly, I think you are only allowed $25 per individual as an expense on the tax return. We have spent about $600, so I wanted to double-check.
We are an LLC, taxed as a partnership. Thank you.
‎December 13, 2023
9:29 PM