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Yes - Gift cards from employers are taxable income. They should be reported by the employer as wages and reported by the employee as income.
There is an exception if the gift is de minimus, but the exception is genuinely difficult to meet.
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∙ 13y ago
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What farewell gift I need to give to my employer?
You can give your employer a farewell card or even a gift card.
Is a bonus considered a gift and are you taxed as such?
A bonus from your employer is not a gift and is strictly income. It is in no way a gift and cannot be considered as such. It is income from your employment and is reported as wages on your tax return. The employer is required to pay half of the social security and medicare taxes and to deduct the other half from your bonus check. The bonus is the same as any other income and must be treated as such.
Is a gift card with no cash out tax exempt?
Your speaking about sales tax: Generally, the card purchase is not taxed. Whatever it is used for is taxed and paid at time of purchase...as taxable and at the rate for where the purchase occurs.
Can you add money to an edge card online?
Unfortunately no. The reason is that the credit stored on an Edge Card is not taxed. This is because money put on an Edge card is from trading games in at a GameStop location or by a credit card (at the store). Since the games are traded for in-store credit, the government does not own this "currency", thus it is not taxed. GameStop does sell gift cards, which are essentially the same, except taxed.
Can I simply add funds to my GamestopEBGames EDGE card?
Unfortunately no. The reason is that the credit stored on an Edge Card is not taxed. This is because money put on an Edge card is from trading games in at a GameStop location. Since the games are traded for in-store credit, the government does not own this "currency", thus it is not taxed. GameStop does sell gift cards, which are essentially the same, except taxed.
Is an employer stock option incentive taxable income?
They are not taxable. Stocks are not taxed based on your income. They are taxed by region or where you may live. That is why these stocks are not taxable.
Can you use a visa gift card on iTunes?
Sorry, you can't use an Visa gift card on iTunes. However, you can use your Visa gift card to buy an iTunes gift card Source: http://blog.giftcardrescue.com/itunes-gift-card-questions-answers
Should I get my employer of 6 months a valentine's day gift?
It would be a good idea to leave a small card and perhaps a box of chocolates. You would probably want to make sure it is just a lighthearted gift, though.
Do they have a gift card called animal jam gift card?
yes they do
Is an eBay gift card PayPal?
no. it is not, its a gift card that is un-reloadable.
Do tips get taxed and do you get Credit card tips on payday?
NO.
How do I activate my arch card?
How to get free gift card
