A successful farm transition is about more than transferring land, equipment or ownership interests. It is about preparing people to work together, aligning the team around a shared vision and using thoughtful financial strategies to protect the wealth built through generations of hard work. When coordinated, they can provide a clearer path for the current generation, the next generation and the farm itself.
Today’s Harvest Blog
Today’s Harvest is a valued, timely resource for stories, news, tips and information relevant to Northeast agriculture and our customers.
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Tax Talks
Connecticut Farmers: Put the New 20% Investment Tax Credit to Work
Back in July 2025, we provided some insights into the new 20% Investment Tax Credit (ITC) that Connecticut Farmers can take advantage of starting in 2026. Recently, the state put out some additional guidance on the credit. Today’s blog will review the overall credit and the additional guidance so that farmers can plan for the new changes.
August 31, 2026
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Tax Talks
Defining Pass Through Entity Tax
In 2017, the Tax Cuts and Jobs act was passed, putting a $10,000 limit on the amount of state and local tax that can be deducted on an individual's tax returns. For high income taxpayers that also pay a significant amount of property taxes, they quickly get to this $10,000 cap. For taxpayers who own pass thru entities such as partnerships and S-Corps, there is a potential way around this cap. This work around is called the Pass-Through Entity Tax.
September 29, 2023
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