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How can I get a tax break for the staff I hire in my QOZB?

Is there a way to get some kind of tax break for my employees in my Opportunity Zone business?


Answers
  • Matthew Rappaport
    October 12, 2021

    This is determined independent of the Opportunity Zone rules. You can qualify for any other available federal, state, or local tax benefit simultaneously with OZ, but in order to find this out, you'd have to look to other statutes. The OZ law does not give you a separate or additional benefit just for hiring people.

  • Brett Siglin
    October 12, 2021

    There are no QZ tax breaks available to employees unless they have invested capital gains.

  • Maria De Los Angeles Rivera
    October 28, 2021

    Benefits to employers are not part of the Opportunity Zone rules. You will need to research your local rules (local, state and federal) for those benefits or incentives.

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