Farmer’s income usually goes up as they approach retirement and in some cases, the rise can be dramatic, leaving producers looking for ways to mitigate income tax and Medicare premiums.
Ag CPA Paul Neiffer speaks with RFD-TV’s own John Jenkinson on why the rise happens and what can be done about it.
For more information click HERE
Related:
Understanding the relationship between farm income, safety nets, ag policy
Ag CPA on what farmers need to know when filing this year’s income taxes
Lawmakers hear from ag sector on boosting farm income
Vilsack’s plan to boost farm income