Conservation Easements

Obama’s budget calls for permanent versions of both of those business tax provisions. Administration officials routinely say that budget proposals can’t necessarily be seen in isolation from other portions of the budget, including tax increases.

Other breaks that may be made permanent include incentives for landowners to donate conservation easements and for individuals to make charitable donations directly from tax- advantaged retirement accounts.

Dozens of other tax breaks that expired at the end of 2013 would be continued through 2015. Among those that have lapsed are a provision that lets home sellers exclude from income the forgiven debt from short sales, as well as accelerated depreciation for motorsports tracks.
 

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