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Is the Pass-Through Entity Tax Right for You? (Commentary)

In 2022, businesses have their first opportunity to pay the Arkansas pass-through entity tax (PET) rather than passing the state income tax obligation through to its owners.

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SPONSORED: Reduce Your Federal Tax with New Arkansas Tax Rules

A new piece of Arkansas legislation aims to provide relief for taxpayers from the $10,000 cap on federal deductions for state and local taxes.

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Arkansas s Answer to the SALT Cap for Business Owners: The Arkansas Pass-Through Entity Tax Act | Mitchell, Williams, Selig, Gates & Woodyard, P L L C

The Tax Cuts and Jobs Act of 2017 (The “TCJA”) imposes a $10,000 cap on the amount an individual may deduct for federal tax purposes for the payment of state and local income, property.

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How your taxes will change in Arkansas in 2022

As we say goodbye to 2021, there are a few tax changes coming to Arkansas in the new year that you should know about.

United statesLittle rockArkansas state policeLaw enforcement family relief programDivision of workforce services lawDivision of arkansas state policeLaw enforcement family relief check off programWorkforce services lawElective pass through entity tax act

How your taxes will change in Arkansas in 2022

As we say goodbye to 2021, there are a few tax changes coming to Arkansas in the new year that you should know about.

United statesLittle rockArkansas state policeLaw enforcement family relief programDivision of workforce services lawDivision of arkansas state policeLaw enforcement family relief check off programWorkforce services lawElective pass through entity tax act

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