|
|
 |
|
For students and employees
An award is given to an employee for recognition of service and is considered taxable income. Gifts are de minimis employee fringe benefits and not reported as taxable income. If in doubt, assume that the gift is actually an award.
Gifts must be nominal in value, and cannot be cash, traveler’s checks or gift cards. They cannot be used as recognition for service. Some examples of acceptable gifts include rewards for longevity, safety achievements, for retirement, or for the holidays. Again, if in doubt, assume that the gift is actually an award. Please see IRS code section 132(a)(4) for more information.
For people other than students and employees
Gifts are allowed to non UW employees on a discretionary budget. They must not be in exchange for services.
| |
|
|
|
