2026 State Pass-Through Entity Tax (PTET) & $40,000 SALT Cap Directory (161 Guides)

Every guide below opens our interactive 2026 $40,000 SALT Cap vs. State PTET Breakeven Calculator pre-configured for that state, income bracket, or pass-through entity structure.

1. 51 State 2026 Pass-Through Entity Tax (PTET) Rates, Credits & Deadlines

Alabama (AL) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Alabama (AL) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 5.0% Electing Pa...

Alaska (AK) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Alaska (AK) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify No State Individu...

Arizona (AZ) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Arizona (AZ) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 2.5% Arizona PTE...

Arkansas (AR) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Arkansas (AR) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 4.4% Arkansas P...

California (CA) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 California (CA) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 9.3% Californ...

Colorado (CO) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Colorado (CO) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 4.4% Colorado S...

Connecticut (CT) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Connecticut (CT) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 6.99% Connec...

Delaware (DE) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Delaware (DE) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify No Enacted Stat...

District of Columbia (DC) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 District of Columbia (DC) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify No ...

Florida (FL) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Florida (FL) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify No State Individ...

Georgia (GA) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Georgia (GA) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 5.39% Georgia HB...

Hawaii (HI) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Hawaii (HI) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 9.0% Hawaii Act 5...

Idaho (ID) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Idaho (ID) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 5.695% Idaho ABE E...

Illinois (IL) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Illinois (IL) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 4.95% Illinois ...

Indiana (IN) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Indiana (IN) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 3.0% Indiana PTE...

Iowa (IA) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Iowa (IA) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 3.8% Iowa PTET Elec...

Kansas (KS) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Kansas (KS) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 5.58% Kansas SALT...

Kentucky (KY) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Kentucky (KY) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 4.0% Kentucky P...

Louisiana (LA) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Louisiana (LA) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 1.85%-4.25% Lo...

Maine (ME) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Maine (ME) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify No Enacted Maine P...

Maryland (MD) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Maryland (MD) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 8.0% Maryland P...

Massachusetts (MA) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Massachusetts (MA) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 5.0% Massa...

Michigan (MI) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Michigan (MI) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 4.25% Michigan ...

Minnesota (MN) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Minnesota (MN) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 9.85% Minnesot...

Mississippi (MS) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Mississippi (MS) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 4.4% Mississ...

Missouri (MO) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Missouri (MO) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 4.8% Missouri S...

Montana (MT) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Montana (MT) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 5.9% Montana Pas...

Nebraska (NE) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Nebraska (NE) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 5.2% Nebraska P...

Nevada (NV) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Nevada (NV) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify No State Individu...

New Hampshire (NH) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 New Hampshire (NH) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify Entity-Lev...

New Jersey (NJ) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 New Jersey (NJ) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 5.675%-10.9% ...

New Mexico (NM) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 New Mexico (NM) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 5.9% New Mexi...

New York (NY) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 New York (NY) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 6.85%-10.9% New...

North Carolina (NC) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 North Carolina (NC) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 4.25% Nor...

North Dakota (ND) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 North Dakota (ND) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify No Enacted ...

Ohio (OH) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Ohio (OH) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 3.0% Ohio Electing ...

Oklahoma (OK) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Oklahoma (OK) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 4.75% Oklahoma ...

Oregon (OR) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Oregon (OR) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 9.0%-9.9% Oregon ...

Pennsylvania (PA) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Pennsylvania (PA) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify No Statewid...

Rhode Island (RI) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Rhode Island (RI) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 5.99% Rhode...

South Carolina (SC) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 South Carolina (SC) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 3.0% Sout...

South Dakota (SD) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 South Dakota (SD) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify No State In...

Tennessee (TN) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Tennessee (TN) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify No Individual ...

Texas (TX) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Texas (TX) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify No Individual Inco...

Utah (UT) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Utah (UT) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 4.55% Utah SALT Wor...

Vermont (VT) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Vermont (VT) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify No Enacted Vermo...

Virginia (VA) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Virginia (VA) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 5.75% Virginia ...

Washington (WA) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Washington (WA) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify No Individual...

West Virginia (WV) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 West Virginia (WV) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 4.82% West...

Wisconsin (WI) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Wisconsin (WI) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify 7.9% Wisconsin...

Wyoming (WY) 2026 PTET Election vs. $40,000 SALT Cap Calculator & Deadlines

2026 Wyoming (WY) Pass-Through Entity Tax (PTET) vs. $40,000 SALT deduction cap calculator. Verify No State Individ...

2. 60 Pass-Through K-1 Income & MAGI ($150k to $2M) SALT Torpedo vs. PTET Calculators

$150,000 K-1 Income ($220,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $150,000 pass-through income and $220,000 MAGI (California (9.3%)). All...

$150,000 K-1 Income ($220,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $150,000 pass-through income and $220,000 MAGI (Federal & State Average...

$175,000 K-1 Income ($250,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $175,000 pass-through income and $250,000 MAGI (California (9.3%)). All...

$175,000 K-1 Income ($250,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $175,000 pass-through income and $250,000 MAGI (Federal & State Average...

$200,000 K-1 Income ($280,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $200,000 pass-through income and $280,000 MAGI (California (9.3%)). All...

$200,000 K-1 Income ($280,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $200,000 pass-through income and $280,000 MAGI (Federal & State Average...

$225,000 K-1 Income ($310,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $225,000 pass-through income and $310,000 MAGI (California (9.3%)). All...

$225,000 K-1 Income ($310,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $225,000 pass-through income and $310,000 MAGI (Federal & State Average...

$250,000 K-1 Income ($340,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $250,000 pass-through income and $340,000 MAGI (California (9.3%)). All...

$250,000 K-1 Income ($340,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $250,000 pass-through income and $340,000 MAGI (Federal & State Average...

$275,000 K-1 Income ($370,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $275,000 pass-through income and $370,000 MAGI (California (9.3%)). All...

$275,000 K-1 Income ($370,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $275,000 pass-through income and $370,000 MAGI (Federal & State Average...

$300,000 K-1 Income ($400,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $300,000 pass-through income and $400,000 MAGI (California (9.3%)). All...

$300,000 K-1 Income ($400,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $300,000 pass-through income and $400,000 MAGI (Federal & State Average...

$325,000 K-1 Income ($430,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $325,000 pass-through income and $430,000 MAGI (California (9.3%)). All...

$325,000 K-1 Income ($430,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $325,000 pass-through income and $430,000 MAGI (Federal & State Average...

$350,000 K-1 Income ($460,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $350,000 pass-through income and $460,000 MAGI (California (9.3%)). All...

$350,000 K-1 Income ($460,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $350,000 pass-through income and $460,000 MAGI (Federal & State Average...

$375,000 K-1 Income ($485,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $375,000 pass-through income and $485,000 MAGI (California (9.3%)). All...

$375,000 K-1 Income ($485,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $375,000 pass-through income and $485,000 MAGI (Federal & State Average...

$400,000 K-1 Income ($500,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $400,000 pass-through income and $500,000 MAGI (California (9.3%)). All...

$400,000 K-1 Income ($500,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $400,000 pass-through income and $500,000 MAGI (Federal & State Average...

$425,000 K-1 Income ($515,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $425,000 pass-through income and $515,000 MAGI (California (9.3%)). All...

$425,000 K-1 Income ($515,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $425,000 pass-through income and $515,000 MAGI (Federal & State Average...

$450,000 K-1 Income ($530,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $450,000 pass-through income and $530,000 MAGI (California (9.3%)). All...

$450,000 K-1 Income ($530,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $450,000 pass-through income and $530,000 MAGI (Federal & State Average...

$475,000 K-1 Income ($545,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $475,000 pass-through income and $545,000 MAGI (California (9.3%)). All...

$475,000 K-1 Income ($545,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $475,000 pass-through income and $545,000 MAGI (Federal & State Average...

$500,000 K-1 Income ($560,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $500,000 pass-through income and $560,000 MAGI (California (9.3%)). All...

$500,000 K-1 Income ($560,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $500,000 pass-through income and $560,000 MAGI (Federal & State Average...

$525,000 K-1 Income ($575,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $525,000 pass-through income and $575,000 MAGI (California (9.3%)). All...

$525,000 K-1 Income ($575,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $525,000 pass-through income and $575,000 MAGI (Federal & State Average...

$550,000 K-1 Income ($590,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $550,000 pass-through income and $590,000 MAGI (California (9.3%)). All...

$550,000 K-1 Income ($590,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $550,000 pass-through income and $590,000 MAGI (Federal & State Average...

$575,000 K-1 Income ($600,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $575,000 pass-through income and $600,000 MAGI (California (9.3%)). All...

$575,000 K-1 Income ($600,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $575,000 pass-through income and $600,000 MAGI (Federal & State Average...

$600,000 K-1 Income ($650,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $600,000 pass-through income and $650,000 MAGI (California (9.3%)). All...

$600,000 K-1 Income ($650,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $600,000 pass-through income and $650,000 MAGI (Federal & State Average...

$650,000 K-1 Income ($700,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $650,000 pass-through income and $700,000 MAGI (California (9.3%)). All...

$650,000 K-1 Income ($700,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $650,000 pass-through income and $700,000 MAGI (Federal & State Average...

$700,000 K-1 Income ($750,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $700,000 pass-through income and $750,000 MAGI (California (9.3%)). All...

$700,000 K-1 Income ($750,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $700,000 pass-through income and $750,000 MAGI (Federal & State Average...

$750,000 K-1 Income ($800,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $750,000 pass-through income and $800,000 MAGI (California (9.3%)). All...

$750,000 K-1 Income ($800,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $750,000 pass-through income and $800,000 MAGI (Federal & State Average...

$800,000 K-1 Income ($850,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $800,000 pass-through income and $850,000 MAGI (California (9.3%)). All...

$800,000 K-1 Income ($850,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $800,000 pass-through income and $850,000 MAGI (Federal & State Average...

$850,000 K-1 Income ($900,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $850,000 pass-through income and $900,000 MAGI (California (9.3%)). All...

$850,000 K-1 Income ($900,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $850,000 pass-through income and $900,000 MAGI (Federal & State Average...

$900,000 K-1 Income ($950,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $900,000 pass-through income and $950,000 MAGI (California (9.3%)). All...

$900,000 K-1 Income ($950,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $900,000 pass-through income and $950,000 MAGI (Federal & State Average...

$950,000 K-1 Income ($1,000,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $950,000 pass-through income and $1,000,000 MAGI (California (9.3%)). A...

$950,000 K-1 Income ($1,000,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $950,000 pass-through income and $1,000,000 MAGI (Federal & State Avera...

$1,000,000 K-1 Income ($1,100,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $1,000,000 pass-through income and $1,100,000 MAGI (California (9.3%))....

$1,000,000 K-1 Income ($1,100,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $1,000,000 pass-through income and $1,100,000 MAGI (Federal & State Ave...

$1,200,000 K-1 Income ($1,300,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $1,200,000 pass-through income and $1,300,000 MAGI (California (9.3%))....

$1,200,000 K-1 Income ($1,300,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $1,200,000 pass-through income and $1,300,000 MAGI (Federal & State Ave...

$1,500,000 K-1 Income ($1,600,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $1,500,000 pass-through income and $1,600,000 MAGI (California (9.3%))....

$1,500,000 K-1 Income ($1,600,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $1,500,000 pass-through income and $1,600,000 MAGI (Federal & State Ave...

$2,000,000 K-1 Income ($2,100,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $2,000,000 pass-through income and $2,100,000 MAGI (California (9.3%))....

$2,000,000 K-1 Income ($2,100,000 MAGI)

2026 PTET vs. $40,000 SALT cap analysis for $2,000,000 pass-through income and $2,100,000 MAGI (Federal & State Ave...

3. Form 1065 Partnerships, Multi-Member LLCs & S-Corp Industry PTET Guides

Multi-Member LLC Taxed as a Partnership (Form 1065)

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a Multi-Member LLC Taxed as a Partnership (Fo...

Law Firm LLP & Equity Partner K-1s (Form 1065)

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a Law Firm LLP & Equity Partner K-1s (Form 10...

Physician Group & Surgical Practice Partnership (Form 1065)

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a Physician Group & Surgical Practice Partner...

Dental & Orthodontic Practice S-Corporation (Form 1120-S)

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a Dental & Orthodontic Practice S-Corporation...

CPA & Accounting Firm Partnership / PC

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a CPA & Accounting Firm Partnership / PC (For...

Real Estate Syndication & Commercial Rental LLC (Form 1065)

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a Real Estate Syndication & Commercial Rental...

Commercial General Contractor S-Corporation (Form 1120-S)

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a Commercial General Contractor S-Corporation...

Wealth Management & RIA Partnership (Form 1065)

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a Wealth Management & RIA Partnership (Form 1...

Management & IT Consulting S-Corporation (Form 1120-S)

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a Management & IT Consulting S-Corporation (F...

Architecture & Engineering Firm Partnership / S-Corp

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a Architecture & Engineering Firm Partnership...

Private Equity & Venture Fund Management Company (Form 1065)

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a Private Equity & Venture Fund Management Co...

Commercial Insurance Brokerage S-Corporation (Form 1120-S)

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a Commercial Insurance Brokerage S-Corporatio...

Marketing & Digital Agency Multi-Member LLC (Form 1065)

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a Marketing & Digital Agency Multi-Member LLC...

Ambulatory Surgery Center (ASC) Physician LLC (Form 1065)

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a Ambulatory Surgery Center (ASC) Physician L...

Auto Dealership & Franchise Group S-Corporation

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a Auto Dealership & Franchise Group S-Corpora...

HVAC, Plumbing & Mechanical Contractor S-Corp

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a HVAC, Plumbing & Mechanical Contractor S-Co...

Freight Brokerage & 3PL Partnership (Form 1065)

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a Freight Brokerage & 3PL Partnership (Form 1...

Veterinary Hospital & Clinic S-Corporation

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a Veterinary Hospital & Clinic S-Corporation ...

MedSpa & Plastic Surgery Practice LLC / S-Corp

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a MedSpa & Plastic Surgery Practice LLC / S-C...

E-Commerce & Consumer Brand S-Corporation

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a E-Commerce & Consumer Brand S-Corporation (...

Bootstrapped SaaS Founders LLC / S-Corporation

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a Bootstrapped SaaS Founders LLC / S-Corporat...

Custom Home Builder & Land Developer LLC (Form 1065)

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a Custom Home Builder & Land Developer LLC (F...

Executive Recruiting & Staffing Firm S-Corp

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a Executive Recruiting & Staffing Firm S-Corp...

Oil, Gas & Energy Working-Interest Partnership (Form 1065)

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a Oil, Gas & Energy Working-Interest Partners...

Multi-Unit Restaurant & Hospitality Group LLC (Form 1065)

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a Multi-Unit Restaurant & Hospitality Group L...

Wholesale & Industrial Distribution S-Corporation

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a Wholesale & Industrial Distribution S-Corpo...

Clinical Research Site Organization LLC

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a Clinical Research Site Organization LLC (Fo...

Orthopedic, Radiology & Anesthesia Physician Group (Form 1065)

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a Orthopedic, Radiology & Anesthesia Physicia...

Title, Escrow & Mortgage Company S-Corporation

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a Title, Escrow & Mortgage Company S-Corporat...

Family Farm & Agribusiness Partnership (Form 1065)

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a Family Farm & Agribusiness Partnership (For...

Husband-and-Wife Multi-Member LLC Partnership (Form 1065)

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a Husband-and-Wife Multi-Member LLC Partnersh...

S-Corporation With Grantor Trust / ESBT Shareholder

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a S-Corporation With Grantor Trust / ESBT Sha...

Multi-State Operating Partnership (Resident + Nonresident PTET)

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a Multi-State Operating Partnership (Resident...

Form 1065 Guaranteed Payments to Partners in PTET Base

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a Form 1065 Guaranteed Payments to Partners i...

S-Corp / Partnership Asset Sale & Capital Gain PTET Strategy

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a S-Corp / Partnership Asset Sale & Capital G...

SSTB (Doctor, Lawyer, CPA, Consultant) Using PTET to Restore QBI

2026 Pass-Through Entity Tax (PTET) and $40,000 SALT cap strategy for a SSTB (Doctor, Lawyer, CPA, Consultant) Usin...

4. June 15 / March 15 Deadlines, Cash vs. Accrual & IRC § 111 Refund Trap Guides

California June 15 PTET Prepayment Trap (Form 3893)

Under California R&TC § 19904, an S-Corporation or Partnership cannot make a valid 2026 California 9.3% PTET electi...

New York State & NYC PTET March 15 Election Deadline (2026)

New York requires every S-Corporation and Partnership to make an affirmative online PTET election inside its NY Bus...

Cash vs. Accrual PTET Deduction Timing (IRS Notice 2020-75)

Under IRS Notice 2020-75 and IRC § 461, a cash-basis S-Corporation or Partnership can deduct state PTET on its 2026...

The 2026 $40,000 SALT Cap Torpedo ($500k-$600k MAGI)

Under Public Law 119-21 (OBBBA § 70120), the $40,000 SALT deduction cap is reduced by 30 cents for every $1 of MAGI...

Georgia HB 149 / SB 56 PTET Guide (2026)

Under O.C.G.A. § 48-7-21, Georgia allows partnerships and S-corporations (including entities with nonresident owner...

Massachusetts Chapter 63D PTET 90% Credit Rule (2026)

Because Massachusetts grants pass-through owners only a 90% refundable credit for the 5.0% entity-level tax (a 0.50...

New Jersey BAIT (Business Alternative Income Tax) 2026 Guide

New Jersey BAIT applies graduated entity rates from 5.675% (under $250,000) up to 10.9% (over $1 million) on distri...

Illinois 4.95% PTET Guide (2026)

Illinois imposes a 4.95% elective Pass-Through Entity Tax on net income in addition to the mandatory 1.5% personal ...

State PTET Overpayments & Refunds

Under IRC § 111 (the Tax Benefit Rule), if an S-Corporation or Partnership overpays state PTET in December to infla...

S-Corporation Single Class of Stock Rule (IRC § 1361)

When an S-Corporation pays state PTET on behalf of some shareholders (such as residents) and not others (such as no...

Does Electing State PTET Reduce Your 20% Section 199A QBI Deduction in 2026?

Under IRS Notice 2020-75, state PTET reduces the pass-through entity ordinary business income (QBI), which reduces ...

Married Filing Separately $20,000 SALT Cap ($250k Phase-Out) vs. State PTET in 2026

Under Public Law 119-21 (§ 70120), Married Filing Separately taxpayers receive only a $20,000 SALT cap that phases ...

Why Single-Member LLCs (Schedule C) Cannot Elect PTET - And 2 Ways to Fix It (Form 2553 or Spousal 1065)

Because IRS Notice 2020-75 applies only to Partnerships (Form 1065) and S-Corporations (Form 1120-S), a disregarded...

Connecticut Elective 6.99% PET (87.5% Credit) 2026 Breakeven Analysis

Starting in 2024-2026, Connecticut transitioned its Pass-Through Entity Tax from mandatory to elective while retain...