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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 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].
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 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.
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).
The recent 43-day federal government shutdown ended on November 12, after Congress passed H.R.
Update: H.R. 5371 reauthorized CRP through September 2026.
California’s Proposition 12 was in the news again this year, as we waited to see if the U.S. Supreme Court would agree to hear a second case challenging the state law.
On July 4, 2025, the President signed H.R. 1, the One Big Beautiful Bill Act into law. In addition to its many other sections, this so-called “mega bill” enacts many provisions typically authorized and funded through a farm bill.
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.
On May 22, 2025, the House of Representatives passed H.R. 1, the One Big Beautiful Bill Act, by a vote of 215-214.
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.
