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The Tax Cuts and Jobs Act limited the State and Local Tax (SALT) deduction to $10,000. This means our clients who pay significant amounts of property taxes and state income taxes do not get the benefit of the SALT taxes that they do pay. However, if your client is a shareholder in an S-corporation, partner in a partnership, or member of a Limited Liability Company (LLC), they may be able to take advantage of the Pass Through Entity Tax (PTE) Credit and Deduction. We will review the qualifications, mechanics, and planning opportunities with this workaround the SALT Limitation.

Learning objectives:

  1. Learn about the Pass Through Entity (PTE) election and qualifications.
  2. Review the mechanics and timing considerations.
  3. Learn about the tax planning opportunities and the PTE.

*CE/CPE Eligible: 1 CE credit is available to subscribers with these designations: CFP, CLU, ChFC and RICP. CPA subscribers will earn 1 CPE credits.

Field of Study: Specialized Knowledge

Prerequisites: There are no prerequisites for this session.

Advanced Preparation: None

Program Level: Basic

Delivery Method: Group Internet Based

NASBA Approved

Financial Experts Network (Sponsor Id#: 145173) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

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