College of Agricultural, Consumer & Environmental Sciences Illinois Extension

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From fields to finances: Understanding changes in federal taxes for Central Illinois farms, Part 2

September 13, 2024

This post is the second of a two-part blog series analyzing the impact of expiring federal tax provisions on farm businesses and households in central Illinois. Part one explored the current financial characteristics of farms across the United States and in Illinois and further examined the impact...

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From Fields to Finances: Understanding Changes in Federal Taxes for Central Illinois Farms, Part 1

September 6, 2024

Farm Focus

Navigating the complexities of federal taxes can be challenging for farmers in Central Illinois. The 2017 Tax Cuts and Jobs Act (TCJA) and the American Rescue Plan Act (ARPA) of 2021 significantly changed federal taxes for individuals and estates. While many provisions of the TCJA were made...

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College of Agricultural, Consumer & Environmental Sciences Illinois Extension

101 Mumford Hall (MC-710)

1301 W. Gregory Dr.

Urbana, IL 61801

Email: extension@illinois.edu

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Taxes Blogs

From fields to finances: Understanding changes in federal taxes for Central Illinois farms, Part 2

From Fields to Finances: Understanding Changes in Federal Taxes for Central Illinois Farms, Part 1