Did you know that if you perform certain wildfire mitigation measures on your property, you could be eligible to claim a subtraction from your Colorado income tax? This subtraction is equal to 50% or 100% of all qualifying costs needed for mitigation, up to $2,500 per year.Can You Qualify? As long as you meet specific qualifications and perform the wildfire mitigation measures around your property, you may be eligible for the wildfire mitigation tax subtraction. You must be the owner of record for any private land that the mitigation process is carried out, including through fee simple interest, easement, right of way, and lease. This ownership can be sole or joint. You cannot claim for the mitigation on public land,