We don't do much gifting for each other anymore, whether at Christmas or birthdays or whatever. Neither of us wants stuff that we don't need, or have no desire to have. For example, one year, just as I was about to turn over a new leaf, exercise more and eat right, I received an M&Ms dispenser...like one you put a coin in and turn the handle at an auto repair shop, only this one just had a sensor...put your hand under it and it gives m&ms. So, out of good cheer, I put a bag of M&Ms in it and used it until they were gone, and since then it has been on a shelf in a closet. This wasn't from DW, but you get the picture.
Both DW and I are much happier if, for example, I say, "There's a new running watch I really want" or she says, "I would like to have that new FitBit Blaze," no matter the time of year, and we just get them. So, that's what we do. I need a new iPad, but we'll wait until Spring when a new model is expected. She wants a huge mirror to decorate the second home we bought, probably around $600, but we'll buy it when we find "the one", not because we have to buy something for Christmas.
These days, we just enjoy each other's company, and enjoy doing things for our adult kids and others, rather than forcing ourselves to buy a gift for each other because it is the season to gift. This doesn't work for everyone, but for us, it has been perfect.