History in the MakingTax program gives back to historic fixer-uppers
Opinions expressed by Entrepreneur contributors are their own.
You'll find them scattered throughout America's olderneighborhoods, historic districts and rural stretches-historichomes that have found new life among preservationists and at-homeworkers.
And unbeknownst to many, the federal government is lending ahelping hand to people who undertake the task of reviving thesepieces of American history. The federal Historic Renovation TaxCredit program provides a 20-percent tax credit against current orfuture tax liabilities for money spent on renovating a registeredhistoric structure. The only caveat: The properties must beincome-generating, meaning anything from a warehouse to a retailshop to a home office may qualify.
Continue reading this article — and all of our other premium content with Entrepreneur+
Join the internet’s leading entrepreneur community! With your subscription you’ll get:
- Unlimited access, including premium content
- No ads
- Subscription to狗万官方magazine
- Four free e-books a year
- Subscriber-only events with our experts