Harvest often provides the clearest picture of a farm's financial performance. This year, many producers are balancing strong yields with continued pressure from fuel, input and operating costs. To help address those challenges, USDA recently announced the new Harvest Fuel Relief Program (HFR), a one-time $8 billion assistance program for agricultural producers.
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Earlier this month, Executive Order, Emergency Tax Relief on Diesel Fuel, was signed by the President with the purpose of deferring certain diesel fuel tax payment obligations and to provide penalty relief. As a result, the IRS acted and indicated it will not impose a penalty when dyed diesel fuel is sold for use or used on highways nationwide.
October 22, 2026
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Many farm workers are hearing about the new “No Tax on Overtime” federal income tax deduction and wondering whether they qualify. With the 2025 tax filing season about to open, this article breaks down the key points so you can understand whether your overtime pay might be eligible for this deduction.
January 28, 2026
Filing farm taxes doesn’t have to be confusing. The IRS requires you to report all income unless specifically excluded, and only deduct expenses that are both ordinary—common in farming—and necessary—helpful for your business. Understanding these basics can save you time and stress.
October 27, 2025
Early in 2025, the federal government announced an Executive Order aimed at modernizing how federal payments are handled. Under Executive Order 14247, signed in March 2025, all federal disbursements and receipts will transition to electronic formats by September 30, 2025. This change will impact individuals, businesses and organizations that receive or make payments to the federal government.
September 30, 2025
When starting a new business, there are many challenges and considerations. While entity selection and structure may not be at the forefront for an entrepreneur, making an informed decision early can allow the focus to remain on the business operations and enable a smooth initial tax filing. Let’s examine some key structural considerations and tax implications.
August 29, 2025