De minimis fringe benefits

De minimis fringe benefits are those benefits granted to employees having such minor values that they can be excluded from the taxable income of employees. These items are so inexpensive that it is not cost-effective to assign them to employees in the accounting system. Per the IRS, examples of de minimis fringe benefits are:

  • Occasional personal use of the copier

  • Occasional gifts

  • Occasional snacks

  • Occasional tickets to entertainment events

  • Occasional meal money

  • Group term life insurance with a face value of $2,000 or less

  • Personal use of a cell phone that has been provided for business use

Related Courses

Family Tax Planning 
Human Resources Guidebook