by Megan Roberts, Extension educator
University of Minnesota Extension's Ag Business Management team will present an end of year tax planning webinar for farm producers. The free webinar, hosted by Extension educators Megan Roberts and Rob Holcomb, will be held live online via Zoom on Tuesday, November 30 from 10 am to noon. A recording will be available by December 3.
"2021 is expected to be a higher income year for many farm producers,” said Rob Holcomb, EA, agricultural business management Extension educator. “End of year tax planning is an effective strategy to help minimize 2021 tax liabilities.”
Topics will include 2021 tax bracket updates, COVID-19 related tax credits and provisions, net operating loss changes, qualified business income (QBI) estimations, depreciation changes, income averaging, federal estate and gift tax, and tax planning. Farmers can submit questions ahead of time or participate in a live Q&A during the webinar.
Pre-registration for the webinar is required. To register for the live webinar on November 30, visit z.umn.edu/farmertaxplanning2021. Read more about tax planning strategies for farmers here.
