Limitations on The California Pass-Through Entity Tax

A person is typing on a laptop, surrounded by floating icons related to taxes like a calculator, a dollar sign, and documents. The scene evokes the ease of online tax preparation, specifically focusing on California Pass-Through Entity Tax essentials.

Limitations on The California Pass-Through Entity Tax The recently enacted Assembly Bill 150, which established the California Pass-Through Entity Tax Credit (“CA PTET”), currently includes some limitations on the use of the credit that greatly reduces the possible benefits of making the election.  For information on who qualifies for the CA PTET, you can view […]