The Tax Cuts and Jobs Act is a comprehensive tax cut package enacted in 2017. Dustin Sherer, director of government affairs for the American Farm Bureau, says it’s important legislation for farmers and ranchers.
A new Economic Research Service report shows that if the provisions expire, tax bills will increase for farmers and ranchers.
Sherer says knowledge about your own personal tax liabilities is key when advocating for reauthorization of these provisions.
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