Pass-Through Entity Tax Election Update

Indiana passed legislation in 2023 that provides a potential Federal tax savings opportunity to Indiana taxpayers who own a pass-through entity filing as an S-Corporation or a Partnership. Starting for the 2022 tax year, business owners were able to take advantage of this opportunity on their businesses’ state tax returns through the Pass-Through Entity Tax…

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Indiana Governor signs Tax Savings Bill

Pass Through Entity Tax Election Today Indiana Governor Eric Holcomb signed Senate Bill 2 into law which provides a Federal tax savings opportunity to Indiana taxpayers who own a pass-through entity filing as an S-Corporation or a Partnership. The opportunity is called the Pass Through Entity Tax election (PTET). We were thoroughly engaged in Senate…

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