“Defeat the $10,000 SALT Cap
With the PTE Tax (Part 2)”
To get my complete article
with all the details…
The IRS put a lid on it.
Specifically, a $10,000 lid on State and Local Taxes (SALT) deductions.
The SALT can kill lots of deductions costing you real money.
But hang on a second. Don’t throw in the towel!
You see, 29 states have enacted Pass-Through Entity taxes (PTE) which are highly effective workarounds.
How does the PTE save you money?
Simple. The PTE deducts the state income tax as a federal business deduction that isn’t subject to the
$10,000 SALT cap.
Which states have enacted pass-through entity taxes?
I’ve listed all 29 of them in my new article which I urge you to check out right now.
I list these states with the year the PTE tax election first became available. Don’t miss it!
Here’s just some of what you’ll learn
when you read my new, complete article.
- The PTEs that are eligible for the election
- The percentage of ownership required to make the election
- The drop-dead deadline for making the election
- The date estimated taxes are due
- The amount of the PTE tax
- And much more
If you want to blow through the $10,000 cap, and keep more money in your pocket, take my advice.
CLICK HERE and read my complete new article titled…
“Defeat the $10,000 SALT Cap
With the PTE Tax (Part 2)”