Girl who dances in a cage (cagekitten) wrote,
Girl who dances in a cage

Is there a legal way not to pay taxes on a holiday bonus?

Is there a way for me to give all of my employees a holiday bonus without them having to pay taxes on it? If it goes in their paycheck, taxes are automatically taken out. I thought of buying them all Visa gift cards so they wouldn't have to pay taxes on it. But the IRS has a tax deduction minimum of $25 on gifts. So they wouldn't pay taxes on the bonus but I would pay the tax on the amount over $25 for each employee.

I would call my accountant and ask but I'm firing him since he made a mistake on my taxes last year. So I am between accountants. Any thoughts/ideas?

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