Historic Rehabilitation Tax Credit

The Historic Rehabilitation Tax Credit is a financial incentive offered by the federal government to encourage the preservation and restoration of historic buildings. Property owners who renovate certified historic structures can receive a tax credit, usually a percentage of their qualified rehabilitation expenses. This credit helps offset costs, making it more affordable for individuals and businesses to maintain and revitalize historic properties. The goal is to protect cultural heritage while stimulating economic development and revitalizing communities. It's an effective way to balance the preservation of history with modern use.