At a glance
- The 6,576 designated tracts take effect Jan. 1, 2027 and include 2,594 rural tracts eligible for enhanced incentives under the Working Families Tax Cuts.
- Governors and the District of Columbia mayor chose from 25,332 eligible census tracts published by Treasury and the IRS on April 6, with nominations opening July 1.
- Advisors with clients sitting on realized gains can check addresses against the published list and map before the Jan. 1 effective date; only designated tracts support the deferral.
Treasury and the IRS designated 6,576 Qualified Opportunity Zones across all 50 states, territories and the District of Columbia, IRS Newsroom reported.
The 6,576 designated tracts take effect Jan. 1, 2027 and include 2,594 rural tracts eligible for enhanced incentives under the Working Families Tax Cuts.
Governors and the District of Columbia mayor chose from 25,332 eligible census tracts published by Treasury and the IRS on April 6, with nominations opening July 1. Treasury and the IRS said the incentive, permanently renewed under the Working Families Tax Cuts, builds on more than $110 billion of private-sector investment since the Tax Cuts and Jobs Act of 2017 created it.
Advisors with clients sitting on realized gains can check addresses against the published list and map before the Jan. 1 effective date; only designated tracts support the deferral. The 10-year designation period matters when timing a client's entry into a fund that must place capital in those tracts.
Reported by the Products & portfolios desk from IRS Newsroom. Published . Corrections