On November 21, 2025, the Minnesota Department of Revenue (MDOR) updated its website to remind taxpayers that the Minnesota pass-through entity tax (PTET) regime expires for tax years beginning after ...
The Pass-Through Entity Tax (PTET) was enacted by many states as a workaround to the federal limit on itemized deductions for state and local taxes (SALT). By taxing income at the entity level, PTET ...
Selling something that has shot up in value — think appreciated stocks, bitcoin bought for pennies, a rental building, or a closely held business — can leave you staring at a hefty state and federal ...
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