Episode 274: Last Minute Farm Tax Planning for 2025

The U.S. tax code doesn’t often go through big changes, but with the passage of the One Big Beautiful Bill, or OBBBA, earlier this year, there are plenty of changes to keep an eye out for as 2026 comes into view.To help us understand what’s new and what matters most, DTN’s Taxlink columnist and CliftonLarsonAllen principle Rod Mauszycki joins us for an update on what’s new, what he’s talking about with his clients now, and what he’s still on the lookout for in 2026. First, he’ll offer an update on changes to everything from bonus depreciation rules and state and local deductions to deferring crop insurance payments and prepayment credits.He’ll even highlight the benefits of paying farm kids into designated accounts that help them save for a future where they have the resources to buy the farm. Then we’ll tackle advice on the tax implications of lending and borrowing, hear more about potential changes to farm and estate planning, and learn what questions farmers should be thinking about before the New Year. Read Rod Mauszycki’s Taxlink blog here.