What’s the Opportunity with Opportunity Zones?

Attracting investment in areas that need development is an ongoing government objective. And thanks to incentives included in the new tax law, this has become easier. The incentives are simple and substantial – if you invest in a “qualified” fund that operates in an area identified as an “Opportunity Zone” then some, to all of the income you earn there will be tax-free. And the longer you leave your investment working there, the greater the benefit. For example, if you invested your money for 10 years then 100% of your investment would be tax free. You have to make the investment through the right financial vehicle but they’re becoming increasingly available. And you also need to make sure the investment is made in one of the qualified opportunity zones. Take a look at the Tools & Map section of www.opportunitydb.com. to find the areas that qualify – there are zones in each state. If long-term investing is part of your financial plan then looking at opportunity zones should be on your list of options to consider.

Have more questions? Call us at (480) 888-7111 to schedule your free tax consultation.

Disclaimer: For informational purposes only. Does not constitute legal, financial, or other advice. Consult with an attorney before taking any action.