One of President Donald Trump’s first-term achievements was a major tax cut, which he signed into law in 2017. The Tax Cuts ...

A Carroll County lawmaker is sponsoring a bill to expand the types of farming equipment purchases eligible for tax deductions. Del. Eric Bouchat said the measure aims to help the environment while ...

While tax deductions and credits should be pursued to help your farm be sustainable and profitable, consider that some services are making outlandish claims. Holcomb gave an example that there are ...

This deduction includes up to $23,000 as an employee ... For example; If you buy a tractor for a farming business you’re running, you can deduct up to $1,220,000 in 2024, but it is reduced ...

A bill introduced in the Maryland Legislature would allow the state ag secretary to expand an income tax deduction for ...

Key Issues: (1) Whether the Wondries are entitled to deductions for expenses reported on the Schedules F, Profit or Loss From Farming, attached to their 2015, 2016, and 2017 federal income tax ...