TITLE

Farm Tax Deduction Limits Raised

AUTHOR(S)
Pocock, John
PUB. DATE
February 2011
SOURCE
National Hog Farmer Exclusive Insight;2/18/2011, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article offers the insights of Roger McEowen, Iowa State University Center for Agricultural Law and Taxation's director, on tax relief received by farmers for machinery and equipment purchases. McEowen says that the expansion of the tax deduction to $500,000 and the introduction of 100% bonus depreciation for new assets bought are one of the biggest changes for 2010 and 2011. He suggests farmers to consult a tax counselor before claiming a large deduction on either new or used equipment.
ACCESSION #
70481389

 

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