Tax Benefits

The IRS provides a deduction under the "Charitable Contribution" regulations for donations of property interests, which includes a conservation easement.

• You will file IRS form 8283 to qualify for this deduction.
• Expenses associated with the placement of the easement are also deductible.
• The total deduction is limited to 30% of your adjusted gross income.
• The deduction can be used in the year of the donation and carried forward for an additional five years.

 For more information on tax incentives associated with donating a conservation easement please visit http://www.dnr.state.md.us/met/taxbenefits.html

We strongly encourage you to seek your own counsel regarding legal and tax issues specific to your personal situation and to your conservation easement.