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It is best to try to spread out income and expenses so you don’t have abnormally high or low income or expenses in any one year.

Farmers and ranchers have until March 3, 2025, to file their 2024 income tax returns without penalty if they have not made estimates.

Agricultural producers should do tax planning before the end of the year.

When tax planning, it is best to start with year-to-date income and expenses and estimate them for the remainder of the year.

Agricultural producers should do tax planning before the end of the year.

NDSU Extension farm management specialist offers several items to note for end of year tax planning.

There are several items to note for tax planning regarding the new tax law changes.

Farm and ranch women can learn more about farm recordkeeping, marketing and farm family communication.