By C. Robert Holcomb and Gary Hachfeld, University of Minnesota Extension The new “2007 Ag Income Tax Update for Farm Families” from University of Minnesota Extension outlines tax law changes ...

One of President Donald Trump’s first-term achievements was a major tax cut, which he signed into law in 2017. The Tax Cuts and Jobs Act largely benefited the wealthiest families in the U.S. But farm ...

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 ...

By Robert Holcomb and Gary Hachfeld, University of Minnesota Extension Farm families will see some tax changes resulting from the Small Business Work Opportunity Act of 2007, signed into law May ...

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 ...

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 ...