Estate Tax

The Dec. 31, 2025, expiration of many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) adds a new task to the 2025 congressional to-do list: updating the tax code. Many TCJA provisions provided important relief for farm …

This spring, the Montana Stockgrowers Association (MSGA) took two trips to Washington D.C. to continue carrying the message of Producer Profitability to Congress. MSGA leadership and staff met with Montana’s …

U.S. Senate Majority Leader John Thune (R-S.D.) today led 45 of his Senate colleagues in reintroducing legislation that would permanently repeal the federal estate tax, commonly known as the death …

by Monty Lesh – Montana Stockgrowers Association 2nd Vice President Passing family farms and ranches on to the next generation is challenging, and future changes to federal inheritance tax could …

The National Cattlemen’s Beef Association (NCBA) released a report analyzing data collected in a nationwide tax survey of America’s cattle producers. With the 2017 Tax Cuts and Jobs Act set …

U.S. Sen. John Thune (R-S.D.), ranking member of the Subcommittee on Taxation and Internal Revenue Service Oversight, led 40 of his Senate colleagues, including Republican Leader Mitch McConnell (R-Ky.) and …

SPONSORED- By Ramona Johnson, CPA Many people think estate planning is not necessary, that it is only for those of us that are getting older or those fortunate enough to be …

South Dakota Senator John Thune and Steve Daines of Montana, both members of the Senate Finance Committee say that Senate Democrats have flip-flopped on the elimination of the stepped-up basis …

The American Farm Bureau Federation is speaking out against the recent proposals by several lawmakers to tax unrealized capital gains at death and roll back the stepped-up basis on those …

The Death Tax Repeal Act of 2021 was introduced this week in both the U.S. Senate and House by U.S. Senator John Thune of South Dakota and U.S. Representatives Sanford …