Tax Tips for Forest Landowners: 2024 Tax Year
The Forest Service has released this annual national fact sheet almost every year since 1987 as an informational and educational resource for private forest landowners and their tax advisors. This publication updates details from the 2023 version and includes now content on conservation easements.
taxes, private lands
Tax Tips for Forest Landowners: 2023 Tax Year
Any activity by a forest landowner can have tax implications. This informational resource can help landowners understand applicable tax laws and integrate tax planning into their forest management.
taxes, private lands
Timber Tax Tips can help forest owners realize potential tax benefits
Family forests provide many valuable goods and services that extend beyond their boundaries, including clean air and water, wildlife habitat, and carbon sequestration.
Although owners of forested land usually don’t get paid directly for those benefits, there are tax incentives that can be associated with management activities. Landowners often do not know that reforestation, timber sales,…