Expanded QOZ Program Offers Tax-Savings Opportunities
Congress created the Qualified Opportunity Zone (QOZ) program to incentivize investments in low-income communities through valuable tax breaks. The original program was scheduled to expire, but it has recently been renewed and expanded under the One Big Beautiful Bill Act (OBBBA). This opens the door for savvy taxpayers to defer, reduce or exclude unrealized capital gains. Here's what you need to know.