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greenbushfinancial.com
The New PTET Tax Deduction for Business Owners | Greenbush Financial Group
The PTET (pass-through entity tax) is a deduction that allows business owners to get around the $10,000 SALT cap that was put in place back in 2017. The PTET allows the business entity to pay the state tax liability on behalf of the business owner and then take a deduction for that expense.
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