Farm CPA Report

Farm CPA Report

Here We Go Again

President Biden's administration released their Green Book yesterday outlining proposed tax increases and a few decreases.

Paul Neiffer's avatar
Paul Neiffer
Mar 12, 2024
∙ Paid
barn surrounded by trees
Photo by Frances Gunn on Unsplash

The Treasury Department yesterday released the annual “Green Book” that outlines the proposed tax increases and decreases after the State of the Union address.

As expected, this administration continues to propose substantial increases in taxes for certain higher income taxpayers. Some of the proposals that would affect farmers are as follows:

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