Conservation Easement Deduction

A Conservation Easement Deduction allows landowners to sell or donate development rights on their property to protect its natural features, such as forests, wetlands, or historic sites. By doing this, the landowner can receive a tax deduction equal to the value of the development rights they relinquished. This means they can preserve their land for future generations while potentially lowering their income tax bill. It benefits both the landowner and conservation efforts, as it helps protect valuable landscapes from development.