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, contact Groskopf, Nebraska Extension Educator, phone: (308) 632-1247 or email jgroskopf2@un.edu.