Write Off Food As Gifts?

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  • legomom922
    Advanced Daycare.com Member
    • Jul 2010
    • 1020

    Write Off Food As Gifts?

    For holidays, I would always bake cakes, breads etc for the parents for gifts. I also would have a "Let me cook for you" night once a month, where I would cook the famlies meals. Would I be able to claim these expenses as gifts?
  • TomCopeland
    Business Author/Trainer
    • Jun 2010
    • 3062

    #2
    Food as gifts

    Yes, the cost of food that you cook for parents can be deducted as a business gift. The limit of the gift is $25 per person per year.
    http://www.tomcopelandblog.com

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