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Five income tax changes affecting farmers

Your Farm Business

January 25, 2013
From Tina LeBrun and Wayne Schoper - South Central College , The Journal

Farmers can lower their taxable income and plan for the future of their operations by taking advantage of several provisions included in the recently approved American Taxpayer Relief Act of 2012. Let's take a look at just how farmers will be affected by these changes to capital gains, Section 179, bonus depreciation, the federal estate tax and the alternative minimum tax (AMT).



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