Tax reform act workshop

March 14 meeting at Scottsbluff will address changes in new law

The 2017 Tax Cuts and Jobs Act is now law, but there are still questions regarding the implications of this legislation. A tax reform workshop is scheduled for March 14 at the Panhandle Research and Extension Center in Scottsbluff from 6 p.m. until 7:30 p.m.

The workshop is free to attend. Registration is requested by calling Jessica Groskopf at 308-632-1247.

This workshop will help area farmers and ranchers understand the impacts of the 2017 Tax Cuts and Jobs Act on their 2018 tax liability. Topics will include:

  • Individual tax changes – new tax brackets, increased standard deduction, elimination of the person exemption, changes to itemization and more.
  • Business tax changes – 199 and 199A business income deductions, 179 business expense deductions, bonus depreciation and more.

For more information or assistance, please contact Jessica Groskopf, Nebraska Extension Educator, phone: 308-632-1247 or e-mail jgroskopf2@un.edu.