Farmers’ tax liability to rise as tax breaks expire in 2025

Farmers would face an increased federal tax liability of billions of dollars following the expiration of Trump-era tax breaks in 2025, said USDA economists. The biggest impact, estimated at a combined $4.5 billion, would come from reduced income tax rates on individuals, an increased standard deduction, a cap on the deduction for state and local… » Read More

FERN’s Ag Insider gives you the reporting you need every day to navigate the difficult terrain of food and agriculture policy. Editor Chuck Abbott has been covering this beat for nearly three decades — few journalists have the connections in the halls of power and the understanding of the issues that Chuck does.

Executives and leaders across the political and corporate spectrum consider FERN's Ag Insider an essential read. Get the reporting you need every weekday. Subscribe now to get full access! Don’t miss out.

Features include:

  • • In-depth reporting and analysis
  • • A roundup of key reporting from a range of sources
  • • Articles tagged and viewable by subject
  • • A searchable archive of all Ag Insider reporting
  • • All this PLUS a newsletter summary in your email inbox every weekday morning.

As low as $6.60 / month
30-day free trial

Subscribe

Exit mobile version