USDA Farm Service Agency Minnesota State Executive Director Linda Hennen reminds producers that to receive USDA program payments, each payment recipient must have an Adjusted Gross Income ...

The FSA has a formula that they require producers to use to determine if their farm AGI is greater than 75% of overall AGI as follows (per the Form FSA-510 instructions): Determine the total AGI ...

topping out at 35% for those with AGI of up to $15,000. Dependent care FSA: Use it or lose it As is the case with flexible spending accounts for health care, you must use up funds in your ...

You can have a simple three-year average of 2016-2018 AGI. If that number ... then the CPA/attorney can write the FSA approved letter and attach that to the required form. This only applies ...

but you can claim it only for expenses that aren’t reimbursed by your dependent care FSA. The maximum credit that you can claim depends on your adjusted gross income. If your AGI is more than $ ...