5. Gifts from your employer
In general, gifts aren’t taxable, but if your generous employer gives you a new laptop for your hard-earned achievements (or to consider changing your decision about leaving the company), you’ll most likely owe taxes on the value of your new gadget.
As long as you can prove that the gift is a legitimate award, your new laptop isn’t taxable. If your employer gives you a $25 pen, then IRS will consider that your gift is a “de minimis” one, meaning that it would be “unreasonable or administratively impracticable” to put a tax on it.
The omniscient eyes of Uncle Sam are watching you every time you open a present.
Our next one may feel like a fair trade….. until the taxman comes calling…..
