The Save America's Family Forests Act of 2026 provides tax incentives for forest owners to replant trees damaged or destroyed by natural disasters. The bill increases the annual deduction limits for reforestation expenses from $10,000 to $30,000 for individual taxpayers and from $5,000 to $15,000 for married taxpayers filing separately, and allows these limits to adjust annually for inflation starting in 2027. Additionally, the bill creates a new tax deduction allowing forest owners to deduct up to $500,000 in disaster-related reforestation costs per property (with an aggregate limit of $1 million across all properties) for trees damaged or destroyed within the previous five years by a federally declared disaster. The deductions take effect for tax years beginning after December 31, 2026, and include a recapture provision requiring owners who sell the replanted forest property within ten years to repay some tax benefits as ordinary income, with exceptions for sales due to death or condemnation.
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