A closing gift you give to a client must not exceed $50 in value.
Fiction. There is no Texas Real Estate Commission rule restricting the value of closing gifts where there is no expectation of a referral and no actual referral has been made. The $50 limit applies to gifts for referrals from unlicensed individuals.
I believe the confusion comes from the $25 limit per person for a business gift according to IRS. Typically, a couple would mean a $50 gift limit to be able to deduct the full amount. See IRS http://www.irs.gov/faqs/small-business-self-employed-other-business/income-expenses/income-expenses-8
Thanks so much for the clarification.
I thought there was an IRS rule on how much you could write off. Maybe that’s where the confusion set in.