Wildfire Mitigation
Income Tax Incentives For Wildfire Mitigaiton
A landowner may claim an income tax subtraction for the actual out-of-pocket expenses they incur for wildfire mitigation measures performed in that tax year on their real property located within a wildland-urban interface area in Colorado.
For tax years 2023 through 2025, landowners may also claim an income tax credit for wildfire mitigation measures if their federal taxable income does not exceed $120,000 for tax year 2023. For tax year 2024, the federal taxable income limit for the wildfire mitigation measures credit is $126,300. For tax years 2025, the federal taxable income limit will be adjusted to $129,200.
The publication Income Tax Topics: Wildfire Mitigation Measures provides general guidance regarding the wildfire mitigation subtraction and credit and supplements guidance provided in the Colorado Individual Income Tax Guide.
Claiming the Subtraction
Landowners must complete and submit a Subtractions from Income Schedule (DR 0104AD(opens in new window)) with their Colorado Individual Income Tax Return (DR 0104(opens in new window)) to claim the subtraction. They must also submit copies of receipts documenting the actual out-of-pocket expenses incurred for wildfire mitigation measures either along with their return or by using the E-Filer Attachment function on Revenue Online(opens in new window).
Claiming the Credit
Landowners must complete and submit an Individual Credit Schedule (DR 0104CR(opens in new window)) with their Colorado Individual Income Tax Return (DR 0104(opens in new window)) to claim the credit. They must also submit copies of receipts documenting the actual out-of-pocket expenses incurred for wildfire mitigation measures either along with their return or by using the E-Filer Attachment function on Revenue Online(opens in new window).
Deep Creek Mesa Wildfire Mitigation Report
Aldasoro Ranch owners can now share the Wildfire Mitigation Report with insurance brokers/carriers which defines the collective wildfire mitigation efforts that are taking place in Aldasoro Ranch and surrounding Deep Creek Mesa region of Telluride. Outlined in this document is a summary of key actions, strategies, and best management practices that define a low-risk wildfire community in an effort to stabilize homeowner insurance rates, eligibility, or avoid pending cancellations.
Wildfire Mitigation Report - Deep Creek Mesa - Telluride 2-19-25.pdfReady, Set, Go – Wildfire Preparedness
Saving Lives and Property through Advanced Planning and Action
Studies show as many as 80 percent of homes lost to wildland fires could have been saved if their owners had followed simple risk-reduction practices. Proactive mitigation around your property and safe and early evacuation can help protect you, your household, and your property. The Ready, Set, Go action guide provides tips and tools you need to prepare for wildland fire threat, gain situational awareness when a fire starts, and act early as directed by local officials.
It is not a question of if, but when, the next major wildland fire will occur. Use this Action Guide to help you become wildland fire ready!
Ready, Set Go Guide.pdfSan Miguel County Wildfire Evacuation Guide
Wildfire Risk Assessments
The West Region Wildfire Council offers FREE Site Visits for landowners in Aldasoro Ranch because it is a Wildland Urban Interface (WUI) area and at risk for wildfire.
Are you ready for a wildfire?
During a Site Visit a Wildfire Mitigation Specialist will meet with you or your property manager, at your property, to discuss site-specific wildfire risk and wildfire mitigation strategies and recommendations.
During this 45-60 minute consultation owners will receive the following.
- Site specific information about their home’s structural ignitability.
- Specific recommendations for potential changes that will help ‘harden a home‘ and make it less vulnerable to ignition during a wildfire.
- Site specific information about a property’s vegetation, within and outside of the Home Ignition Zone.
- Specific recommendations for changes to, and maintenance of, a property’s vegetation.
- Detailed information about WRWC’s Vegetation Management Incentive Program funding.
Ready to request a Site Visit? Please click the link below and fill out the form.
After you submit a Site Visit Request Form, a wildfire mitigation specialist will contact you to schedule your visit. Please note, it may take several weeks for us to contact you to begin the scheduling process.