PARKER, COLORADO (RFD-TV) — Farmers are now able to defer paying tax on the sale of farmland. It is one of the many provisions of the “One Big Beautiful Bill” Act (OBBBA) and allows producers to defer paying the tax over a three-year period. However, there are a few requirements.
Farm CPA Paul Neiffer joins us on Thursday’s Market Day Report for a closer look at the conditions a farmer must meet to qualify for this new three-year tax deferral on farmland sales, how much it could save, and other details to consider.
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Be sure to catch Kim Collingsworth on Gaither Gospel Hour’s new special, “His Gift, My Story,” tonight, Friday, Feb. 27, at 6 p.m. ET, on RFD Network and streaming on RFD+
