If my wife received movie gift cards for Christmas, does this need to be reported on the tax return?

mckinly16 · ‎February 28, 2025

LeticiaF1 · ‎March 2, 2025

Per the IRS "Cash or cash equivalent items provided by the employer are never excludable from income." The amounts are included as wages and are subject to income tax.

De minimis fringe benefits

@mckinly16

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xmasbaby0 · ‎February 28, 2025

Gifts received are not entered on a tax return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

mckinly16 · ‎February 28, 2025

Even if it was from an employer? What about cash received from an employer in a Christmas party gift bag?

mckinly16 · ‎February 28, 2025

Even if it was from an employer? What about cash received from an employer in a Christmas party gift bag?

LeticiaF1 · ‎March 2, 2025

Per the IRS "Cash or cash equivalent items provided by the employer are never excludable from income." The amounts are included as wages and are subject to income tax.

De minimis fringe benefits

@mckinly16

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If my wife received movie gift cards for Christmas, does this need to be reported on the tax return?