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Same here. I never expect anything, but I always appreciate it when I do receive something. Most often it's gift cards to coffee shops or sometimes chocolates or other holiday treats. Usually nothing expensive or extravagant.
I just got mine a gift card to a nice restaurant for $125. Admittedly I think this is a bit high, but I have been studying with this particular instructor (I change it up) for almost a year and really like him / appreciate what I have gained from the lessons.