New tax law expands Section 179 deductions for ag equipment buyers
Farmers and ranchers have a big opportunity to cut taxes before the 2025 year-end — thanks to major changes in recent tax legislation. The new law doubles Section 179 expensing limits and restores 100% bonus depreciation, giving ag operations more opportunities to write off equipment purchases immediately. If you’re planning to upgrade your hay and forage equipment, for example, these updates could potentially mean many thousands in savings — but only…
