- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
I was taxed on Xmas gift cards
Posted on 12/19/24 at 7:25 am
Posted on 12/19/24 at 7:25 am
Short story, my employer gave out $200 gift cards at Kroger for Thanksgiving and $500 at Sams for Xmas. This morning, I looked at my check stub, and they taxed me for it. Basically took out taxes for Uncle Sam. Huh? Please explain
63
Posted on 12/19/24 at 7:26 am to ChestRockwell
Better than jelly of the month club though. 
Posted on 12/19/24 at 7:27 am to spslayto
That's not the answer I was looking for
Posted on 12/19/24 at 7:27 am to ChestRockwell
It was part of your compensation, so it gets taxed...
Posted on 12/19/24 at 7:28 am to ChestRockwell
All compensation is taxed.
Posted on 12/19/24 at 7:29 am to N2cars
So, I get taxed 100%? Sounds like an advance , to hold someone over, without the viggorish.
Posted on 12/19/24 at 7:29 am to ChestRockwell
I worked for a small company several years back, our president was from Hong Kong and cheap as F$$K.
We would take our top sales people on trips to fancy golf resorts, Vegas etc etc etc
Then he would 1099 em at the end of the year for the cost of their trip
They would all call me raising hell
We would take our top sales people on trips to fancy golf resorts, Vegas etc etc etc
Then he would 1099 em at the end of the year for the cost of their trip
They would all call me raising hell
Posted on 12/19/24 at 7:30 am to ChestRockwell
It gets taxed the same as income. Not an employer thing, a government thing. Thank the IRS.
Posted on 12/19/24 at 7:30 am to ChestRockwell
A bonus is taxable.
Posted on 12/19/24 at 7:30 am to imjustafatkid
These were handed out cards in an envelope.
Posted on 12/19/24 at 7:31 am to ChestRockwell
If they’d given you a $700 bonus check it would’ve been taxable as income. They gave the equivalent dollar amount but in gift cards and thus it was taxable as income. It sucks, but that’s the blood sucking IRS for ya. We have migrants as well as an entire country’s defense and livelihood to support.
Posted on 12/19/24 at 7:32 am to spslayto
quote:
Better than jelly of the month club though.
But it’s the gift that keeps on giving.
Posted on 12/19/24 at 7:32 am to The Torch
Thanks. It's pretty much chicken shite. Should've taken the 5th amendment when it comes to gift cards, and decline.
Posted on 12/19/24 at 7:32 am to Big Jim Slade
It was actual gift cards made of plastic.
This post was edited on 12/19/24 at 7:34 am
Posted on 12/19/24 at 7:34 am to carhartt
quote:
But it’s the gift that keeps on giving.
That it does Eddie.
Posted on 12/19/24 at 7:35 am to ChestRockwell
My company logged any giftcards we got. If we were at a sales meeting and they gave out giftcards for best answers or winning a game you signed for the 25 dollar starbucks card and it went on your paystub.
Posted on 12/19/24 at 7:35 am to ChestRockwell
Were you taxed 100% of the value? Do you know how to read a pay stub?
Posted on 12/19/24 at 7:35 am to ChestRockwell
quote:
Thanks. It's pretty much chicken shite. Should've taken the 5th amendment when it comes to gift cards, and decline.
So you would rather not have the net amount to use after taxes?
Posted on 12/19/24 at 7:35 am to ChestRockwell
quote:
It was actual gift cards made of plastic.
And it's still taxable.
Posted on 12/19/24 at 7:36 am to ChestRockwell
This happened to me in the past with a $25 dollar gift card. That's how cheap my damn company is.
Page 1 of 9
Back to top
Follow TigerDroppings for LSU Football News