Month: December 2021

Minnesota Pass-Through Entity Tax

December 15, 2021 by Allison Stevens
Tax Services
This past summer, Minnesota enacted a new passthrough entity (PTE) tax for years beginning after December 31, 2020.  This entity-level tax is considered a workaround for the federal $10,000 state and local tax deduction limitation (SALT limitation) imposed on individuals who itemize deductions on their personal income tax returns.  Many...
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