The Pass-Through Entity Workaround to Beat the SALT Limitation
In the past year, several states have created a pass-through entity tax (PET) to circumvent the $10,000 cap for the state and local tax (SALT) deduction. Louisiana and New Jersey are the most recent states to adopt such a tax. Effective December 2017, the Tax Cuts and Jobs Act (TCJA) brought sweeping reform to the […]
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