Farm Taxes

Can You Defer Crop Insurance Income to Cut Your Tax Bill? Yes—if you meet the IRS’s three specific rules. But most farmers miss at least one, which means the deferral doesn’t stick.

Trump’s 2025 tax bill keeps the 2017 tax cuts and adds new changes like tax-free tips, bigger child credits, and cuts to federal programs — here’s a simple breakdown of what’s staying, what’s new, and what it could mean for everyday folks.

Now that we are in 2025, it's essential to stay informed about the updated contribution limits for various tax-advantaged accounts....

It’s that time of year again! To ensure prompt filing and avoid penalties, please provide us with your 1099 information by January 15,...

As tax season approaches, we know the process can feel overwhelming. That’s why at JA Swanson Agency, we aim to make it as smooth as...