Guiding You To Investing In An Opportunity Zone
In 2017, the U.S. government sought to encourage investors to broaden their horizons by offering tax benefits to those who invest in what they deemed “opportunity zones.” The idea is that, instead of investing directly in low-income communities, the government would use tax law to encourage wealthier individuals and corporations to do so.
Tax Cuts and Jobs Act of 2017
The Tax Cuts and Jobs Act of 2017 (TCJA) is a congressional revenue act of the United States signed into law by President Donald Trump which amended the Internal Revenue Code of 1986.
All About Opportunity Zones
Opportunity Zones are defined as “economically distressed communities where new investments, under certain conditions, may be eligible for preferential tax treatment.” Simply understanding the mechanisms of OZs creates a major barrier to entry for more socially-minded investors.