You have a capital gain.
OZ 2.0 can turn the tax bill into your next investment.
Effective January 1, 2027. Permanent program. Rolling 5-year deferral. Zero federal tax on appreciation after 10 years. Model your number in 30 seconds.
OZ 2.0 Designation Checker · Free
Is this address
designated for OZ 2.0?
See designated vs not from Treasury's final list (sb0682; CDFI Fund file), effective January 1, 2027.
Enter a street address with its city and state, a 5-digit ZIP, or an 11-digit census tract number.
Try:500 Washington St, Columbus INZIP 98503Tract 53067011200
✓ Uses Treasury's final list (sb0682) + CDFI Fund designations. Not tax advice.
6,576 OZ 2.0 tracts designated on Treasury's final list
Treasury's final list (sb0682) designates 6,576 OZ 2.0 tracts, 2,594 of them rural, effective January 1, 2027. Every state's count is on the tracker.
Largest designated counts
What is an Opportunity Zone?
A federal tax incentive created in 2017 and made permanent by the One Big Beautiful Bill Act in July 2025. Invest a capital gain into a Qualified Opportunity Fund targeting an Opportunity Zone tract and earn three distinct opportunity zone tax benefits. Check any address on the opportunity zone map.
Roll any capital gain into a Qualified Opportunity Fund within 180 days. Push the federal tax 5 years.
Hold 5 years, lock in a 10% basis step-up. Invest in a rural fund and the step-up triples to 30%.
Hold 10 years, pay zero federal tax on the appreciation. This is the benefit that makes OZ worth doing.
Countdown to OZ 2.0
Effective
Stay ahead of designated tracts, guidance, and deadlines.
Pick a door.
Four ways in. All free. One click each.
Real-time OZ 2.0 news.
Filings, deals, and rule changes. Day by day.
Guides written for serious investors.
Long-form, sourced, and updated whenever rules change.
Already know what you're looking for?
Search all 25,462 OZ 2.0 eligible census tracts, track every state's nominations, and explore the eligibility map.
On November 5, 2026, Treasury designated all 6,576 nominated census tracts as Qualified Opportunity Zones (2,594 rural), effective January 1, 2027 (Treasury press release sb0682; CDFI Fund final designations file). 6,576 tracts in all. Tracker updated .
Which states have the most Opportunity Zones? See the state rankings →
Opportunity Zone investing — common questions
What is a Qualified Opportunity Fund?
A Qualified Opportunity Fund (QOF) is an investment vehicle that puts at least 90% of its assets into businesses or property in Opportunity Zones. Investors who roll capital gains into a QOF can defer and reduce tax on those gains, and pay no tax on the fund's own appreciation if they hold the investment long enough.
What changed with Opportunity Zones in 2025 (OZ 2.0)?
The One Big Beautiful Bill Act, signed July 4, 2025, made the Opportunity Zone program permanent. Investments on or after January 1, 2027 follow new "OZ 2.0" rules: a rolling 5-year capital-gains deferral, a 10% basis step-up at five years (30% for rural funds), and a redrawn zone map. Investments through December 31, 2026 still follow the original OZ 1.0 rules.
Do I have to live in an Opportunity Zone to invest in one?
No. Any investor with eligible capital gains can invest in a Qualified Opportunity Fund regardless of where they live. You do not need to live, work, or own a business in the zone — you only need to invest realized capital gains into a QOF within 180 days.
What is the best way to invest in Opportunity Zones?
Most retail investors access Opportunity Zones through a Qualified Opportunity Fund rather than building their own. Compare funds on geography, asset class, sponsor track record, fees, and target returns. Opportunity Zone Invest maintains an independent directory of opportunity zone funds: curated profiles plus funds drawn from SEC Form D filings. A Form D filing does not show that a fund is a Qualified Opportunity Fund. The site also has an eligibility map and a tax calculator to estimate the savings on your own gains.
How much can I save in taxes with an Opportunity Zone investment?
The savings come from two places: deferring the tax on the capital gain you reinvest, and paying zero tax on the QOF's appreciation if you hold for at least 10 years. The exact figure depends on your gain amount, tax rate, and hold period — our free capital-gains calculator estimates it for your specific situation.
Get OZ 2.0 updates
OZ 2.0 news, guidance, and key deadlines. Unsubscribe anytime.
No spam. Independent. Primary-source editorial. We never share your email.