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For those employers who like to give gifts throughout the year, here are a few gifting tactics you might want to take note of. Interestingly enough, although cash gifts to employees are considered taxable income, small gifts of little value and turkeys and hams, are not. So if you think your employees would enjoy some nourishment during the holidays, you can go to town on the meat gifts. “Gift Baskets” also seem to be included in this, so good news for vegetarians.