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To help you fill out your 2014 returns and plan for 2015, here are few tax changes, big and small, for 2015 – and nine of the most peculiar deductions.
The IRS is fine with giving gifts, as long as they aren't too lavish.
You’re allowed to deduct up to $25 in costs spent on business gifts for any individual person. You can also widely distribute gifts under $4 that have your name on them – examples listed by the IRS include pens, desk sets, and bags – the sum total can be deducted, even if it's over the $25 limit.
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