04/21/2026
If you pay substantial state and local taxes (SALT), itemize your deductions, and feel the pain of the federal cap on SALT deductions, the pass-through entity elective tax (PTET) may provide you relief to overcome the limit on deducting state and local taxes on your tax return.
Learn how the pass-through entity elective tax (PTET) may help bypass SALT limits and reduce federal taxable income for eligible business owners.