CARES Act Implications on Tax Planning for Farmers

CARES Act Implications on Tax Planning for Farmers

The CARES Act, passed in March of 2020, provided many changes that directly impacted farmers. It created both the Payroll Protection Program (PPP) and Economic Injury Disaster Loans (EIDL), which many farmers utilized. However, the CARES Act included several other provisions that didn’t get as much attention. Farmers need to be aware of these as they go into tax planning this fall, as they could benefit their operations.

Read the full article CARES Act Implications on Tax Planning for Farmers in Cornhusker Economics.