In a recent Farm Credit East webinar, University of Vermont Extension Associate Professor Mark Cannella recapped 2025 — and what it means for producers planning ahead. The following highlights key trends and considerations shaping the maple industry outlook for 2026.
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No Tax on Overtime: What Farm Employees Need to Know
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
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Important Update Regarding Life Insurance Redemptions
In April, we discussed that the Supreme Court was hearing arguments in the Connelly v U.S. case regarding life insurance proceeds. With this case now decided, it will be important for individuals and small businesses owning life insurance to fund buy/sell agreements to include a review of these policies.
July 05, 2024
Tax Talks
Life Insurance Redemptions Falling Under IRS Scrutiny
In the context of farming business structures, acquiring a life insurance policy is a prevalent practice. Here are two common scenarios and an update on an ongoing Supreme Court case involving the IRS concerning the valuation of businesses when insurance payouts are implicated and whether such proceeds are deemed liabilities or not.
April 11, 2024
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