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  • Estimated share of principal operator farm estates with estate-tax returns and estate taxes, 2023F
    4/10/2024
    Estimated share of principal operator farm estates with estate-tax returns and estate taxes, 2023F
  • Farm income and losses of U.S. farm sole proprietors reported for tax purposes, 2000–21
    4/10/2024
    Farm income and losses of U.S. farm sole proprietors reported for tax purposes, 2000–21
  • Tax liability increases after Tax Cuts and Jobs Act provisions expire for tax rates, deductions, and personal exemptions
    3/6/2024
    Tax liability increases after Tax Cuts and Jobs Act provisions expire for tax rates, deductions, and personal exemptions
  • Potential change in family farm households’ tax liability after Tax Cuts and Jobs Act provisions expire
    3/6/2024
    Potential change in family farm households’ tax liability after Tax Cuts and Jobs Act provisions expire
  • Expiring estate tax provisions would increase the share of farm estates that owe taxes
    3/5/2024
    Expiring estate tax provisions would increase the share of farm estates that owe taxes
  • Less than 1 percent of farm estates created in 2022 must file an estate tax return
    5/22/2023
    Less than 1 percent of farm estates created in 2022 must file an estate tax return
  • Most family farm estates would have no change to their capital gains taxes from the American Families Plan
    12/7/2021
    Most family farm estates would have no change to their capital gains taxes from the American Families Plan
  • On average, estates with deferred tax only have the most farm assets
    12/7/2021
    On average, estates with deferred tax only have the most farm assets
  • Share of estates with no change to their capital gains taxes decreases as farm size increases
    12/7/2021
    Share of estates with no change to their capital gains taxes decreases as farm size increases
  • Impact of changing capital gains taxation at death varies by farm size
    10/6/2021
    Impact of changing capital gains taxation at death varies by farm size
  • How proposed capital gains tax changes could affect estates of family farms
    9/22/2021
    How proposed capital gains tax changes could affect estates of family farms
  • Less than 1 percent of farm estates created in 2020 will owe estate tax
    4/14/2021
    Less than 1 percent of farm estates created in 2020 will owe estate tax
  • Small share of farm estates created in 2020 will be required to file tax return or will owe estate tax, ERS estimated
    3/19/2021
    Small share of farm estates created in 2020 will be required to file tax return or will owe estate tax, ERS estimated
  • Had it been in effect in 2016 and 2017, the Tax Cuts and Jobs Act would have lowered average Federal income tax rates for farm households
    4/11/2019
    Had it been in effect in 2016 and 2017, the Tax Cuts and Jobs Act would have lowered average Federal income tax rates for farm households
  • Under the Tax Cuts and Jobs Act, 0.11 percent of farm estates would have owed estate taxes in 2016
    10/15/2018
    Under the Tax Cuts and Jobs Act, 0.11 percent of farm estates would have owed estate taxes in 2016
  • The Tax Cuts and Jobs Act estimated to decrease effective tax rates across farm commodity specializations had the law been in effect in 2016
    8/22/2018
    The Tax Cuts and Jobs Act estimated to decrease effective tax rates across farm commodity specializations had the law been in effect in 2016
  • Under the Tax Cuts and Jobs Act, average income tax rates are estimated to decline for households across all family farm sizes
    6/29/2018
    Under the Tax Cuts and Jobs Act, average income tax rates are estimated to decline for households across all family farm sizes
  • Average tax liability and average tax rate for taxable farm estates, by farm type, 2016F
    5/3/2018
    Average tax liability and average tax rate for taxable farm estates, by farm type, 2016F
  • Taxable farm income has fluctuated over time
    4/18/2017
    Taxable farm income has fluctuated over time
  • Distribution of family farm operator estates, estate-tax returns, and estate taxes across farm types, 2016F
    1/11/2017
    Distribution of family farm operator estates, estate-tax returns, and estate taxes across farm types, 2016F
  • Few farms affected by 2014 Farm Act eligibility income cap
    8/8/2016
    Few farms affected by 2014 Farm Act eligibility income cap
  • Most U.S. farm estates exempt from Federal estate tax in 2015
    6/20/2016
    Most U.S. farm estates exempt from Federal estate tax in 2015
  • Taxable U.S. net income from farming remained negative in 2013
    4/14/2016
    Taxable U.S. net income from farming remained negative in 2013
  • The share of farm estates required to file a return and pay Federal estate tax, 2001-13F
    4/13/2016
    The share of farm estates required to file a return and pay Federal estate tax, 2001-13F
  • Farm assets as a proportion of all farm estate assets, 2015F
    4/13/2016
    Farm assets as a proportion of all farm estate assets, 2015F
  • Estate tax liability varies by farm size
    6/11/2015
    Estate tax liability varies by farm size
  • Taxable net farm income increased in 2012, but was still negative
    4/15/2015
    Taxable net farm income increased in 2012, but was still negative
  • Limits on capital expensing could affect farmers' capital purchase decisions
    4/15/2014
    Limits on capital expensing could affect farmers' capital purchase decisions
  • Farm estate taxes vary by type of family farm
    1/6/2014
    Farm estate taxes vary by type of family farm
  • Most farm estates would be exempt from Federal estate tax in 2013
    11/13/2013
    Most farm estates would be exempt from Federal estate tax in 2013
  • A growing number of families receive the earned income tax credit
    5/10/2013
    A growing number of families receive the earned income tax credit
  • Commercial farm estates are more likely to file a return and owe federal estate taxes in 2009
    5/1/2013
    Commercial farm estates are more likely to file a return and owe federal estate taxes in 2009
  • The share of farm estates required to file a return and Federal estate tax could rise sharply in 2011
    5/1/2013
    The share of farm estates required to file a return and Federal estate tax could rise sharply in 2011
  • For most farm households, farming reduces Federal income tax liabilities
    4/15/2013
    For most farm households, farming reduces Federal income tax liabilities
  • Large farms are most likely to be affected by changes in business expensing limits
    3/12/2013
    Large farms are most likely to be affected by changes in business expensing limits
  • Net farm loss reported by farm sole proprietors has increased over the last decade
    2/16/2013
    Net farm loss reported by farm sole proprietors has increased over the last decade