As Administered by the National Farm Income Tax Extension Committee
See information, materials, and tools regarding the IRA Assistance for Distressed Borrowers.
Register for our FREE upcoming webinar:
Inflation Reduction Act of 2022, Dec 21, 2022; 3-4:30pm ET. Register
Farmers, ranchers and other agricultural producers and Extension educators will find resources for agriculturally related income and self-employment tax information that is both current and easy to understand.
Tax issues are important for agricultural operations because income and self-employment taxes are a major cost and also because more and more USDA programs are being linked to a producer’s federal income tax return.
For more great information and resources, check out https://www.farmers.gov/working-with-us/taxes and https://agftap.org/
New Farmer Tax Information
Useful topics for beginning farmers. The linked fact sheets are a good place to start to get basic information you may need as you consider your tax situation.
Disaster Tax Information
There are special tax provisions for sales of livestock more than normal because of weather conditions. Personal and business losses may be deductible due to disasters (i.e. fire, flood, hurricane, tornado).
In your email, please provide us with detailed information about your inquiry and which state/region you are contacting us from so that we can connect you with the correct contact.