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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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2 Replies

Is received company swag considered as taxable income?

Gifts worth more than $75 are taxable.
Non-cash employee gifts of minimal value (under $75 per year), such as a holiday turkey, are not taxable. The tax-free value is limited to $1,600 for all awards to one employee in a year.Sep 10, 2021

Is received company swag considered as taxable income?

Thanks

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