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Natural Beauty; Clients who donate a conservation easement can collect a trifecta of tax benefits.(The Client)

Byline: Donald Jay Korn

There are few triple plays in the tax code. Health savings accounts, for example, offer upfront deductions, tax-free investment earnings and tax-free withdrawals for medical care.

A lesser-known member of this exclusive club is the conservation easement, the gift of development rights on a piece of property to a government body or land trust in order to keep the land partially or fully wild. A landowner donating an easement may get breaks on income, estate and property taxes.

Even better, the recently passed farm bill allows easement donors to deduct gifts of up to 50% of their adjusted gross income (AGI), so long as the easement doesn't ...

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