estate taxes

Earlier this month, the Department of Agriculture announced funding for two outreach and education efforts for farmers and ranchers.  FSA is investing $10 million for agriculture-oriented taxpayer education as well as $4.5 million in outreach for the Conservation Reserve Program's Transition Incentives Program.  Bo...

The American Farm Bureau Federation, 46 state Farm Bureaus, and 280 organizations representing family-owned agribusinesses recently sent a letter to Congressional leaders regarding tax policies and the impact they will have on the farming sector ...

A trio of new tax hikes for farmers and ranchers, that’s how the American Farm Bureau’s tax adviser describes President Joe Biden proposal to pay for infrastructure and social packages. During last week’s joint session of Congress, the President said: “We’re going to get rid of the loopholes that allow Americans to make more than a million dollars a year, and pay a lower tax rate on their capital

President Biden’s economic team has adjusted higher the administration’s tax and spending figures for the infrastructure plan the President is expected to unveil Wednesday. According to the Washington Post, the original plan called for $3 trillion in new spending and $1 trillion in new tax hikes. But fear ...

Senate Finance senior member Chuck Grassley predicts President Biden will push to increase taxes on agriculture and other sectors to pay for his Green New Deal and infrastructure bills. Grassley and other Republicans recently introduced legislation to end the estate tax ...

Legislation introduced in both the U.S. House and Senate would eliminate the estate tax. The 2017 Tax Cuts and Jobs Act temporarily doubles the estate tax exemption to $11 million per person indexed for inflation through 2025. However, without congressional action, the estate tax exemption will revert to $5 ...

Democrats are holding their national convention this week, and thanks to the coronavirus, the event is virtual rather than taking place in Milwaukee as scheduled. While on-line, the party is still discussing its platform for the 2020 election and beyond ...

During this tax season very few, if any, farms or small businesses will be subject to federal estate taxes.  Traditionally death and taxes have been linked together in the form of estate taxes.  When President Trump signed tax reform in late 2017 he said the legislation make the vast majority of family farms and small business exempt from estate tax.   ...