Georgia House Bill 149, that went into effect January 1, 2022, created the opportunity to make pass-through entity tax (PTET) elections in the state. PTET elections provide a workaround of the $10,000 limitation for the amount of state and local taxes that individuals can deduct from federal taxes. Businesses that operate as S-corporations, pass-through entities, partnerships, and LLCs treated as partnerships, are all potentially eligible to take advantage of these savings.

Join Cathie ShawState & Local Tax Leader, and Tony Konkol, State & Local Manager, on Cherry Bekaert’s latest podcast as they discuss the intricacies of how PTET elections can benefit Georgia businesses.

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Catherine Shaw

Tax Services

Partner, Cherry Bekaert Advisory LLC

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