Unlock opportunities for tax incentives in opportunity zones
January 26, 2024
By Ashley Tison
Congress initiated the opportunity zones program in 2017 as part of its Tax Cuts and Jobs Act, a historic law encouraging private investment in low-income neighborhoods across the United States.
In a nutshell, it enables you to benefit from capital gains tax benefits and receive returns on investments while making a difference in disadvantaged communities.
The Tax Cuts and Jobs Act makes it incredibly enticing to channel your money into certain low-income areas known as qualified opportunity zones. These low-income census tracts exist in every state, along with the District of Columbia and each of the U.S.'s five territories.