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Kielean
Returning Member

Gifts from boss and manager

At the end of last year my boss and manager separately gave me $100 each as a gift for surviving the holidays. But I'm not sure where it how to include this on my taxes because everything I try respects me to the self employment form. 

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1 Reply
MindyB
Employee Tax Expert

Gifts from boss and manager

You are correct, this does belong on your tax return.  However, you do not need to report this as self-employed earnings.  A gift from an employer belongs on a W-2 as wages.  Since it sounds like you received cash with no reporting, you can add this as other income on your tax return.

 

Navigate to: Federal > Wages & Income > Less Common Income > Miscellaneous Income > Other income not already on a W-2. Select Earned income not reported on a W-2 or 1099 and continue. Now, follow the interview to report the gifts. 

 

See more information from the IRS: De minimis fringe benefits.

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