Congress readies last-ditch effort to limit land tax deductions

Investors claimed nearly $36 billion in unwarranted deductions from 2010 to 2018, according to the Land Trust Alliance, which opposes the practice. “Making this abuse illegal by law would be a win for honest taxpayers, a win for land conservation, and a win for the integrity of a worthy charitable program,” said Lori Faeth, a senior director at the Land Trust Alliance.