The 2017 Tax Cuts and Jobs Act is now law, but there are still questions regarding the implications of this legislation.
The workshop is free to attend.
This workshop will help area farmers and ranchers understand the impacts of the 2017 Tax Cuts and Jobs Act on their 2018 tax liability. Topics will include:
Individual tax changes – new tax brackets, increased standard deduction, elimination of the person exemption, changes to itemization and more.
Business tax changes – 199 and 199A business income deductions, 179 business expense deductions, bonus depreciation and more.