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.

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 …

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 …

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).

The NYC PTET is an optional tax that city partnerships or city resident New York S corporations may annually elect to pay on certain income.

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Feb 23, 2025 · PTET is a state-imposed tax on pass-through entities. It allows these businesses to pay New York state income taxes at the entity level rather than through individual tax returns.

PTET regimes, adopted by 36 states following the 2017 Tax Cuts and Jobs Act (TCJA), allow pass-through entities to pay state taxes at the entity level, which are then deductible on federal …

Authorized persons filing on behalf of eligible entities can opt in to the New York State and New York City PTET for tax year 2025 using the online PTET Annual Election application.

Jan 8, 2026 · PTET Explained: How Entity-Level Tax Saves Federal Deductions PTET allows business entities to pay state taxes, providing a federal deduction that circumvents the …