Taxes and Insurance

  • Watch Out for ACA Premium Repayment


    01/16/2018 09:38 PM Farmers who get their medical insurance on the exchange and receive a premium subsidy need to be more careful in 2018. I show you why.
  • Section 199A Deduction in an Extreme Case of Flux!
    01/11/2018 07:58 PM There is a lot of chatter on whether Section 199A will be "fixed" by Congress. This deduction is in a extreme case of flux right now. Be aware of any firm or advisor that says they have a solution to maximize the deduction. It is way too early to tell.
  • Tax Bill Encourages Farmers to Sell To Coops, Could Hurt Big Grain
    01/11/2018 01:21 PM

    An unintended consequence of tax reform could impact grain companies across the country.

  • Rhonda Brooks: The Tax Overhaul and Your Farm
    01/08/2018 09:58 AM

    Just in time for Christmas and the New Year, President Donald Trump signed the Republican tax-overhaul bill—a $1.5-trillion package.

  • Tax Reform: Short-Term Wins, Long-Term Losses
    01/04/2018 01:19 PM

    Many agriculture groups, including American Farm Bureau Federation (AFBF), say the new law is a “net benefit” for farmers. But, did you know not all of the provisions that benefit farmers are permanent?

  • Is the 20% Cooperative Deduction Better Than the Regular One - It Depends
    01/04/2018 08:16 AM The new Section 199A deduction will usually result in a larger amount for selling to a cooperative. However, many times this deduction will not result in saving a dime of tax and we explain how.
  • FSA AGI Tests to Get Tougher Under New Tax Law?
    01/01/2018 01:16 PM The new tax law may result in lower taxes, but higher income farmers may lose their FSA payments. I explain how.
  • Be Careful on Prepaying Property Taxes Before January 1, 2018
    12/27/2017 05:38 PM The IRS just released guidance on whether you can prepay 2018 real estate taxes and deduct on your 2017 tax return. The bottom line is the tax must have been assessed.
  • The Tax Overhaul And Your Farm
    12/25/2017 07:02 AM


    Just in time for Christmas and before the start of the New Year, President Donald Trump signed the Republican tax-overhaul bill—a $1.5-trillion tax package.

    “I consider this very much a bill for the middle class and a bill for jobs,” he told reporters in the Oval Office before signing the legislation.

    The legislation hasn’t scored well in national polls, though, in part because of its benefits for corporations and top earners. But Mr. Trump and other Republicans say average Americans will embrace it and benefit.

    I sure hope they’re right about that.

    We conducted our own survey in mid-December to get a sense of what farmers think of what was then the proposed tax package and got a mixed bag of results.


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