Tangible gifts, prizes, and awards are the preferred method for recognizing an employee. Tangible items must be of a de minimis value and follow the funding source requirements in the Chart. Awards of ...

First, let’s explore tax-free employer presents. These gifts are generally not taxed if they are deemed “de minimis,” which means: Low in cost (like Christmas turkeys, books, candles ...

The Biden-Harris administration announced Friday that it is taking action to limit the number of imports eligible for the de minimis exception to American tariffs and customs inspection.

Shopify president Harley Finkelstein spoke out in favor of de minimis on Tuesday, saying that countries should make it easier to sell low-cost items cross-border. An executive order issued by ...