The PTET is an optional tax that partnerships or New York S corporations may annually elect to pay on certain income for tax years beginning on or after January 1, 2021.

An official website of New York State. Here's how you know

Jan 6, 2026 · If you’re an owner or officer of a business, you can use your Business Online Services account to file and pay New York State taxes, see your business’s filing and payment history, and …

Jan 6, 2026 · A Business Online Services account can help make running a business easier. It’s a free, convenient, and secure way to file NYS returns, schedule payments, respond to department notices, …

An official website of New York State. Here's how you know

To opt in to the NYC PTET, an eligible entity must make the NYC PTET election at the same time it opts in to the New York State PTET using the same online application.

Oct 3, 2025 · Credits Calculations Filings and notices Updated Return to Pass-through entity tax (PTET) or New York City pass-through entity tax (NYC PTET).

Dec 30, 2025 · Pay personal income tax owed with your return Pay income tax through Online Services, regardless of how you file your return. You can pay, or schedule a payment for, any day up to and …

The credit is equal to your direct share of PTET, which your electing entity reported. If you receive more than one PTET credit, add the credits together on your personal income tax return.

Feb 27, 2024 · The PTET credit offsets the tax reported on New York State personal income tax Forms IT-201, Resident Income Tax Return, IT-203, Nonresident and Part-Year Resident Income Tax …