Federal Historic Preservation Tax Credit

The Federal Historic Preservation Tax Credit is a government incentive that encourages restoring and repurposing historic buildings. It offers a dollar-for-dollar reduction on federal taxes for a percentage of the renovation or rehabilitation costs, typically 20%. To qualify, properties must be historically significant and follow specific preservation standards. This program aims to preserve cultural heritage, revitalize communities, and support economic development by making historic preservation financially feasible for property owners and developers.