Pass-through entity tax (PTET)
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.
Pass-Through Entities - Virginia Tax
How to File and Pay - PTEs (Form 502) How to File and Pay - Elective Pass-Through Entity Tax (PTET) (Form 502 PTET) Unified (Composite) Filing
NYS Tax Department: Pass-through entity tax (PTET)—due dates ...
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.
What Is the Pass-Through-Entity-Tax and Who Does it Benefit?
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 …
What is PTET: New York’s Pass-Through Entity Tax Explained
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 Explained: How Entity-Level Tax Saves Federal Deductions
6 days ago · PTET Explained: How Entity-Level Tax Saves Federal Deductions PTET allows business entities to pay state taxes, providing a federal deduction that circumvents the …
Recent developments in states’ PTETs - The Tax Adviser
Sep 1, 2024 · Connecticut’s PTET as enacted was mandatory but was amended to be elective in 2023 (beginning with 2024 tax years). A number of states have changed tax rates, changed …
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 …
Frequently asked questions about the pass-through entity tax ...
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).
Virginia Elective Pass-Through Entity Tax
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.