Samantha Ayoub

2 months ago | lafarmbureaunews.com | Samantha Ayoub

By Samantha AyoubAmerican Farm Bureau FederationThe Dec. 31, 2025, expiration of many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) adds a new task to the 2025 congressional to-do list: updating the tax code. Many TCJA provisions provided important relief for farm families. While reductions in the corporate income tax rates were made permanent in 2017, income tax cuts for individuals began to phase out in 2022, with the biggest tax increases coming with expirations at the end of 2025.

2 months ago | farmweeknow.com | Samantha Ayoub

In pass-through businesses like farms and ranches, all sources of income combined determine what individual income tax brackets the owner’s income will fall into – and thus how much they will pay in taxes. Ninety-six percent of farm households receive some amount of income from off-farm employment. In fact, 85% of farm households earned the majority of their income off-farm in 2023.

2 months ago | fb.org | Samantha Ayoub

In our marginal tax-rate system, a taxpayer does not pay one rate on all their income, but rather the total bracket liability immediately before their income amount and a portion of their top income in the maximum rate. For example, a moderate-size farm filing a married, joint tax return with an adjusted gross income of $117,000 would pay $18,000 in taxes in one year: 12% of $77,400 ($9,288) plus an additional 22% on the $39,600 above the threshold for the 22% tax bracket.

Jan 25, 2025 | farmweeknow.com | Samantha Ayoub

In 2022, 39% of agricultural land was rented — a proportion that has remained relatively stable for over 50 years. When deciding how to acquire land, rising farm real estate values can be a valuable asset or an extra hit to growing production expenses. Farmers and ranchers who operate a mix of owned and rented land make up over half of agricultural land in production and are affected by both sides of land value spikes.

Jan 24, 2025 | agupdate.com | Samantha Ayoub

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