Illustration of pass-through entity tax planning in 2026 — a US map, state connections, and tax filings representing PTET SALT cap workaround analysis
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Pass-Through Entity Tax 2026: SALT Cap Workaround Guide

BySW Accounting admin

Is the pass through entity tax election still worth it after the higher SALT cap? For many owners of profitable pass-throughs in high-tax states, the answer is still yes — but the analysis is now owner-level, state-specific, and no longer automatic. The pass through entity tax (PTET) survived the 2025 SALT cap increase; the decision…

State tax updates april 2026 obbba conformity featured
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State Tax Updates April 2026: OBBBA Conformity, PTET, R&D Credits

BySW Accounting admin

What are the most important state tax updates April 2026? Multiple states moved on OBBBA conformity (Oregon, Maine, Kentucky, New Mexico), Maine created a new PTET and 2% high-income surcharge, Wisconsin extended R&D credit carryforwards to 50 years, Kentucky added a 14.25% prediction-market excise, and Washington’s new 9.9% personal income tax on income over $1M…