…And Do You Know The Tax Benefits Of Recognition?

Section 274(j) of the Internal Revenue Code, enacted by the Tax Reform Act of 1986, provides, in general, that an employer may deduct the cost of employee achievement awards given to the same employee up to $400.00 in any year. If the incentive awards are employee achievement awards made under one or more established written plans or programs of the employer, the $400 deduction limitation is increased to $1,600.00 per employee.


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