Taxes

Up to $12.06 million can be passed to your loved ones upon death, exempt from federal estate tax. While living, you can also gift $16,000 annually to as many individuals as you’d like. Of course, some exceptions apply.

On Tuesday, USDA Secretary Tom Vilsack rang in on AgriTalk to share agriculture’s angle in the BBB plan with host Chip Flory.

The newest tax proposal in Washington would impose a tax on billionaires. A farm tax expert warns the proposed changes could turn into a trojan horse for farmers and result in higher taxes within a decade.

The idea has met resistance over fears of political backlash.

President’s grades are mixed on four major agricultural issues, says ag policy expert.

The omnibus spending bill before Congress this week does include a change to Section 199A of the President’s Tax Cuts and Jobs Act.