AnnetteB6
Expert Alumni

Deductions & credits

You can deduct no more than $25 per gift per person given during the year.  So, in your case, you could deduct $25 if a single gift was given to the couple or $50 if a gift was given to each person.  

 

For more information, take a look at the following from the IRS:

 

Are business gifts deductible?
 

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