For the tax years 2008 and 2009, there are a number of items that will be of interest to farm families. Changes have resulted from the passage of federal tax laws including the Small Business Work Opportunity Act of 2007 and the Economic Stimulus Act of 2008. This includes changes in Section 179 depreciation allowance, reinstatement of bonus depreciation, income averaging, health spending accounts and taxation of CRP payments. This information in this article is for educational purposes only and is not intended to be legal or financial advice. For specific questions regarding your farm business, consult with your tax preparer.