The PTET is an optional tax that partnerships or New York S corporations may annually elect to pay on certain income for tax years beginning on or after January 1, 2021.

Feb 27, 2026 · The pass-through entity tax (PTET) landscape continues to evolve as states refine their state and local tax (SALT) workaround mechanisms in response to both federal developments and …

May 8, 2024 · No. PTET payments are not considered payments of an owner’s individual income tax liability. Instead, they are payments of the PTET liability of the PTE itself. Therefore, they should not …

Aug 30, 2025 · To circumvent the federal SALT cap, many states have adopted pass-through entity tax (PTET) regimes. Instead of business owners deducting state income tax on their individual return …

Feb 11, 2025 · The Elective Pass-Through Entity Tax (PTET) must be filed and paid electronically. There is no waiver from this electronic filing requirement for the Elective PTET.

Oct 3, 2025 · Credits Calculations Filings and notices Updated Return to Pass-through entity tax (PTET) or New York City pass-through entity tax (NYC PTET).

Submit the Pass-Through Entity Tax (PTET) Election for Tax Years 2018 through 2022, Form PTET-ER with the applicable Nebraska income tax return or via the Nebraska Department of Revenue’s …

Aug 22, 2024 · The pass-through entity tax (PTET) is a way for owners of pass-through entities—partnerships, limited liability companies, S corporations—to gain benefit from the state and …

The Missouri Department of Revenue administers Missouri's business tax laws, and collects sales and use tax, employer withholding, motor fuel tax, cigarette tax, financial institutions tax, corporation …

Nov 6, 2025 · Learn about pass-through entity tax (PTET) changes in Alabama, Georgia, Idaho, Indiana, Kansas, North Carolina, Michigan, Oklahoma, and Utah.