Gift cards/certificates purchased with District or Grant funds need to follow the District’s purchasing policies as well as Internal Revenue Service (“IRS”) guidelines. According to the rules of the IRS, gift cards/certificates have readily ascertainable value. Gift cards/certificates are similar to cash. For employees, the value of gift cards/certificates is considered compensation subject to employment tax withholding and reported on Form W-2. For non-employees, the value of all gift cards/certificates, an aggregate amount of $600.00 or more per calendar year, must be reported to the IRS on Form 1099-MISC.
Gift Card Use - Procedures
Gift Cards/Certificates - Authorization for Purchase
Gift Cards/Certificates - Acceptance Form
Gift Cards/Certificates - Disbursement Log