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Economy News Rural

USDA analysis: Sunsetting income, estate tax provisions would hit many farms

03/06/24 6:10 AM By Philip Brasher
KEYWORDS child tax credit Economic Research Service estate tax personal income taxes qualified business income deduction Section 199A deduction Tax Cuts and Jobs Act USDA
Farmers will face increases in both income taxes and estate taxes after 2025, if Congress fails to extend expiring provisions of the 2017 Tax Cuts and Jobs Act, according to an analysis by USDA’s Economic Research Service.
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Philip Brasher
Editor in Chief

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