Home / Columns and Features / Opportunity zones can benefit Rochester area (access required)

Opportunity zones can benefit Rochester area (access required)

Taxpayers that invest capital gains in Rochester real estate and businesses may be eligible for significant tax benefits under a new federal program. Opportunity Zones are low-income census tracts designated by the governor of each state to incentivize investment and encourage community development. Created by the 2017 Tax Cuts and Jobs Act, there are now over 8,700 ...

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IRS issues guidance on passthrough deduction (access required)

As part of the Tax Cuts and Jobs Act, Congress created a new and much-publicized passthrough deduction, designed to provide ...