Rural Money: New Tax Law Changes How Farmers Can Deduct Charitable Contributions

Farm CPA Paul Neiffer says the “One Big Beautiful Bill” could shift how producers donate grain and commodities to charities.

PARKER, Colo. (RFD News) — The “One Big Beautiful Bill” is changing how farmers can deduct charitable contributions, potentially creating a new strategy for producers who regularly donate grain or commodities to churches and food banks.

Farm CPA Paul Neiffer joined us on Thursday’s Market Day Report to help producers navigate the new tax considerations.

In his conversation with RFD News, Neiffer discussed how the legislation changes charitable deduction rules and what the update could mean for farmers moving forward.

The discussion also focused on why donating commodities instead of cash may now make more sense in certain situations, along with some of the rules producers should keep in mind when making charitable donations.

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Knoxville native Neal Burnette-Irwin is a graduate from MTSU where he majored in Journalism and Entertainment Studies. He works as a digital content producer with RFD News and is represented by multiple talent agencies in Nashville and Chicago.


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