Estimated Effects of the Tax Cuts and Jobs Act on Farms and Farm Households

James Williamson ; Siraj Gustavo Bawa

United States Department of Agriculture

关键词: Tax Cuts and Jobs Act;    taxation;    farm taxes;    farm investment demand;    cost recovery;    bonus depreciation;    section 179;    farm household well-being;   

RP-ID  :  ERR-252

学科分类：农业科学（综合）

美国|英语

来源: United States Department of Agriculture Publications

【 摘 要 】

The Tax Cuts and Jobs Act of 2017 made significant changes to the Federal income tax system. According to an ERS analysis of the potential impact of the law on family farms, average tax rates are expected to decline across all farm sizes and commodity specializations, with effects on farm households varying by farm size. Estimates also suggest fewer farm estates will be subject to estate tax.