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  2. Gift tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Gift_tax_in_the_United_States

    The transferor must demonstrate a "detached and disinterested generosity" when giving the gift to exclude the value of the gift from the taxpayer's gross income. [12] The courts have defined "gift" as proceeds from a "detached and disinterested generosity." [13] "Gifts" received from employers that benefit employees are not excluded from taxation.

  3. 26 USC 102(c) - Wikipedia

    en.wikipedia.org/wiki/26_USC_102(c)

    Under U.S. Federal law, 26 USC 102(c) governs the income tax treatment, by an employee, of gifts received by an employee from his or her employer. While gifts are typically exempt from gross income under U.S. federal income tax law, this is not usually so for gifts received from employers.

  4. 2006 Colorado Amendment 41 - Wikipedia

    en.wikipedia.org/wiki/2006_Colorado_Amendment_41

    Amendment 41's "gift ban" places new restrictions on gifts, broadly defined, given to Colorado state and local elected officials and employees in executive and legislative branches. Such persons are prohibited from receiving gifts with value exceeding $53 per year, subject to an adjustment for inflation.

  5. 2024 gift tax rate: What it is, how it works and who has to ...

    www.aol.com/finance/2024-gift-tax-rate-works...

    A single person who gives several gifts of up to $18,000 to different recipients in a year, for example, won’t be impacted by the gift tax and won’t have to file a gift tax declaration.

  6. Gift tax - Wikipedia

    en.wikipedia.org/wiki/Gift_tax

    A gift tax is a type of transfer tax that is imposed when someone gives something of value to someone else. The transfer must be gratuitous or the receiving party must pay a lesser amount than the item's full value to be considered a gift. [citation needed] Items received upon the death of another are considered separately under the inheritance ...

  7. What happens when a gift is given to the United States ... - AOL

    www.aol.com/news/2017-01-26-what-happens-when-a...

    The document states: 'A tangible gift of more than minimal value accepted for reasons of protocol or courtesy may not be kept as a personal gift, however, but is considered accepted on behalf of ...

  8. De minimis fringe benefit - Wikipedia

    en.wikipedia.org/wiki/De_minimis_fringe_benefit

    Under US Internal Revenue Service Code § 132(a)(4), “de minimis fringe” benefits provided by the employer can be excluded from the employee’s gross income. [1] “ De minimis fringe” means any property or service whose value (after taking account of the frequency with which the employer provides smaller fringes to his employees) is so small as to make accounting for it unreasonable or ...

  9. 12 Gifts Employees, Clients & More Actually Want This Gift ...

    www.aol.com/lifestyle/12-gifts-employees-clients...

    12 Gifts Employees, Clients & More Actually Want This Gift-Giving Season. Lauren Mack. November 8, 2024 at 8:57 AM. Viorel Kurnosov /istockphoto. Corporate Gifting Ideas: Holiday Gift Guide 2024.