Table of Awards, Gifts and Prizes
(refer to Procedure 08-008 for details)
For Recipients Who Are U.S. Citizens
This document is for General Guidance ONLY.
CONSULT PROCEDURE 08-008 FOR A DETAILED EXPLANATION OF THE RULES.
CONTACT USNH DISBURSEMENT SERVICES MANAGER WITH QUESTIONS
Policy Reference
|
Cash, Gift Cards/Certificates | Tangible Goods | |||
---|---|---|---|---|---|
1. | EMPLOYEES | ||||
A. | Awards | ||||
C.1.a. | Length of Service or Safety Award | Taxable; Reportable on W-2 | Not Taxable if limited to < $400 and 1-time every 5 years | ||
C. 1. | All Other Awards | Taxable; Reportable on W-2 | Not Taxable or Reportable if < $75; Taxable withholdings and Reportable if >$75 | ||
C.2. | B. | Gift | |||
C.2. | Sympathy | Not Allowed | Not Taxable or Reportable if < $25 | ||
C.2. | Other than Sympathy (e.g., Birthday, Wedding, etc.) | Not Allowed | Not Allowed | ||
C. | Prize - Game of Chance | ||||
C.3. | With Wager | Taxable; Reportable on W-2G if >$600 | Taxable; Reportable on W-2G if >=$600 | ||
C.3. | Without Wager | Taxable; Reportable on 1099-MISC if >=$600 | Taxable; Reportable on 1099-MISC if >=$600 | ||
2. | STUDENTS | ||||
D.2. & D.3. | A. | Award | Taxable; Reportable on 1099-MISC if >=$600 | Taxable; Reportable on 1099-MISC if >=$600 | |
B. | Gift | ||||
E.2. | Sympathy | Not Allowed | Not Taxable or Reportable if < $25 | ||
E.2. | Other than Sympathy (e.g., Birthday, Wedding, etc.) | Not Allowed | Not Allowed | ||
C. | Prize - Game of Chance | ||||
E.3. | With Wager | Taxable; Reportable on W-2G if >=$600 | Taxable; Reportable on W-2G if >=$600 | ||
E.3. | Without Wager | Taxable; Reportable on 1099-MISC if >=$600 | Taxable; Reportable on 1099-MISC if >=$600 | ||
3. | NON-EMPLOYEES OTHER THAN VOLUNTEERS, DONORS AND PROSPECTIVE DONORS | ||||
E.1. | A. | Award | Taxable; Reportable on 1099-MISC if >=$600 | Taxable; Reportable on 1099-MISC if >=$600 | |
B. | Gift | ||||
E.2. | Sympathy | Not Allowed | Not Taxable or Reportable if < $25 | ||
E.2. | Other than Sympathy (e.g., Birthday, Wedding, etc.) | Not Allowed | Not Allowed | ||
C. | Prize - Game of Chance | ||||
E.3. | With Wager | Taxable; Reportable on W-2G if >$600 | Taxable; Reportable on W-2G if >$600 | ||
E.3. | Without Wager | Taxable; Reportable on 1099-MISC if >=$600 | Taxable; Reportable on 1099-MISC if >=$600 |
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