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On July 8, 2026, the IRS announced that it was implementing a new automatic process to provide penalty relief for taxpayers with a history of filing and paying on time.

On June 25, 2026, the USDA issued Technical Guidelines for the Production of Regenerative Agricultural Biofuel Feedstocks.

The IRC § 41 credit for increasing research activities (research credit) is available to compensate taxpayers for increases in qualified research.

On April 1, 2026, the IRS issued Notice 2026-24 announcing that it was waiving the estimated tax penalty for any qualifying farmer or fisherman who files a calendar year 2025 return and pays in full any tax due by April 15, 2026.

February 20 Update: The USDA has announced that the enrollment period for the Farmer Bridge Assistance program will be open from February 23 through April 17, 2026.  

The One Big Beautiful Bill Act (OBBBA), Public Law 119-21, 139 Stat.

The IRS announced last week that it will not begin accepting e-filed tax year 2025 returns that include Form 4136, Credit for Federal Tax Paid on Fuels, until February 22, 2026.

The One Big Beautiful Bill Act (OBBBA), Public Law 119-21, 139 Stat. 72 (July 4, 2025), created a federal income tax deduction for “qualified overtime compensation” received during the year. [I.R.C. § 225].

On January 27, 2026, the IRS issued FAQs to explain the impact of Executive Order 14247 on taxpayers in 2026 and beyond. The President signed Modernizing Payments To and From America’s Bank Account on March 25, 2025.

The One Big Beautiful Bill Act (OBBBA), Public Law 119-21, 139 Stat. 72 (July 4, 2025), created a new type of savings account for children called a Trump account.

The beginning of a new year is a great time to think about estate and succession planning for your farm or business. Here we consider 12 common mistakes we encounter in this area and why they matter. 

The Tax Cuts and Jobs Act (TCJA) allowed 100 percent bonus depreciation under I.R.C. § 168(k) through 2022 for qualifying property acquired and placed in service after September 27, 2017.

The IRS announced today that filing season for 2025 individual tax returns will begin Monday, January 26, 2026.

On Wednesday, December 31, 2025, the IRS issued proposed regulations, REG-113515-25, for the new deduction for “qualified passenger vehicle loan interest” under I.R.C. § 163(h).

On July 4, 2025, H.R. 1, the One Big Beautiful Bill Act, became law. This 887-page Act impacts taxes, agriculture, transportation, education, homeland security, armed services, energy, financial services, immigration, natural resources, and more.

Early on May 22, 2025, the House of Representatives passed H.R. 1, the One Big Beautiful Bill Act, by a vote of 215-214.

With the initial filing deadlines behind us for filing our federal income tax returns, I turn today to a common question we receive at the Center. Has anything changed with respect to reporting CRP income?

In recent months, I have received many questions from farmers and their advisors about the so-called “residual fertility” deduction.

On January 15, 2025, USDA issued long-awaited technical guidance to allow farmers to quantify the greenhouse gas emissions associated with corn, soybeans, and sorghum grown using climate smart agriculture (CSA) practices.

As the 119th Congress gets to work, members of the new Republican majority have discussed many issues, including border security, increasing the debt ceiling, funding the government beyond March 14, 2025, scaling back Inflation Reducation Act prov