Publication 225 - Tax guide for farmer’s 2013 returns  

October 16: The IRS posted the final version of Publication 225, Farmer’s Tax Guide, for taxpayer use in preparing 2013 income tax returns.

The IRS publication [PDF 1.55 MB] contains two sections on “what’s new” for 2013 and for 2014. For 2013, these include:


  • Standard mileage rate of 56.5 cents per mile
  • Simplified method for business use of home deduction
  • Increased section 179 expense deduction dollar limit of $500,000 for property placed in service in 2013, subject to a $2 million
  • Extension of special depreciation allowance for certain qualified property acquired after 2007
  • Increase tax rate for the social security part of self-employment tax and increased amount of net self-employment earnings subject to social security
  • New investment income tax (plus the need to include this new tax in calculating estimated tax for 2013)


For more information, contact KPMG’s National Director of Cooperative Tax Services:


David Antoni, in Philadelphia

(267) 256-1627


Or Associate National Director of KPMG’s Cooperative Tax Services


Brett Huston, in Sacramento


(916) 554-1654




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