OBBBA Payment Limit Updates Webinar

We provide a webinar on the new OBBBA payment limit updates and related AGI changes

Photo by Michael Kirsh on Unsplash

In today’s post we provide a webinar on the new guidance from FSA on payment limits. Topics covered include:

1. The new qualified pass-through entity rules and how it affects payment limits,

2. The elimination of payment of wages or guaranteed payments from the actively engaged equation,

3. The waiver of the $900,000 AGI limit for certain farm programs (but not ARC or PLC), and

4. Changes to definition of farm income.

We also review some examples of how these changes might affect your farm operation.