topic De Minimis Safe Harbor question in Tax law changes

De Minimis Safe Harbor question

ron2024 — Tue, 10 Feb 2026 10:41:00 GMT

If i elect to use "De Minimis Safe Harbor"

1) Should i write off these assets as expense under Other Expenses Section ?

2) Can i choose which asset to use "De Minimis Safe Harbor" ?

3) Without AFS, What if some asset less than $2500, and other over $2500. I should write off those under 2500 as expense, and over 2500 as deprecation? right?

4) Can i still use 179 for those over 2500, if i use "De Minimis Safe Harbor" for those under 2500?

Re: De Minimis Safe Harbor question

M-MTax — Mon, 26 Feb 2024 21:45:38 GMT

1) Should i write off these assets as expense under Other Expenses Section ?

Yes

2) Can i choose which asset to use "De Minimis Safe Harbor" ?

No. You must choose all that are $2,500 or less.

3) Without AFS, What if some asset less than $2500, and other over $2500. I should write off those under 2500 as expense, and over 2500 as deprecation? right?

Right.

4) Can i still use 179 for those over 2500, if i use "De Minimis Safe Harbor" for those under 2500?

Yes

Re: De Minimis Safe Harbor question

ron2024 — Mon, 26 Feb 2024 21:49:07 GMT

Thank you. So under 2500, i can write off them as other expenses. And i can still uder 179 to deduct those over 2500, right?

Re: De Minimis Safe Harbor question

DianeW777 — Mon, 26 Feb 2024 22:04:05 GMT

Yes, you can use the DeMinimis Safe Harbor for items under $2,500 and for the rest of your assets you can use Section 179 if they qualify.

Note: Effective for taxable years beginning on or after Jan. 1, 2016, the Internal Revenue Service in Notice 2015-82PDF increased the de minimis safe harbor threshold from $500 to $2500 per invoice or item for taxpayers without applicable financial statements.

@ron2024