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- Gift giving is the act of transferring property or value to someone else without expecting anything in return1. Gift giving can also be seen as a way of expressing kindness, gratitude, or affection, and it is often associated with special occasions such as birthdays and holidays2. Gift giving can also be used as a verb to mean making gifts or presents3.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.You make a gift if you give property (including money), or the use of or income from property, without expecting to receive something of at least equal value in return.www.irs.gov/businesses/small-businesses-self-em…Economists have elaborated the economics of gift-giving into the notion of a gift economy. By extension the term gift can refer to any item or act of service that makes the other happier or less sad, especially as a favor, including forgiveness and kindness. Gifts are also first and foremost presented on occasions such as birthdays and holidays.en.wikipedia.org/wiki/Gift: to make gifts or presentswww.merriam-webster.com/dictionary/giving
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