08 - 008T Awards, Prizes, and Gift Table

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

The official version of this information will only be maintained in an on-line web format. Any and all printed copies of this material are dated as of the print date. Please make certain to review the material on-line prior to placing reliance on a dated printed version. 

This page last updated Monday, February 8, 2016. For information on the adoption and effective dates of policies please see explanation on the OLPM Main Menu.