A tax that benefits you TWICE
Did you know your S-Corp can pay state tax at the entity level? 🏛️
👉 That payment becomes a business expense = lowers your federal taxable income
👉 And in CT, You also get an 87.5% credit back on your personal state return
Example: Your S-Corp makes a $10k CT PTE tax payment
✅ You get a $10k federal deduction
✅ You get a $8.75k tax credit on your personal CT return
⚠️ An LLC without the S election can’t use this strategy!
#TaxTips #TaxSavings #TaxStrategy #TaxPlanning #TaxAdvisor #TaxAdvisory #PTE #PassThroughEntityTax #StateTaxCredit #SCorpBenefits #FederalDeduction #ConnecticutTaxes #BusinessStructure
Видео A tax that benefits you TWICE канала Ledgerly
👉 That payment becomes a business expense = lowers your federal taxable income
👉 And in CT, You also get an 87.5% credit back on your personal state return
Example: Your S-Corp makes a $10k CT PTE tax payment
✅ You get a $10k federal deduction
✅ You get a $8.75k tax credit on your personal CT return
⚠️ An LLC without the S election can’t use this strategy!
#TaxTips #TaxSavings #TaxStrategy #TaxPlanning #TaxAdvisor #TaxAdvisory #PTE #PassThroughEntityTax #StateTaxCredit #SCorpBenefits #FederalDeduction #ConnecticutTaxes #BusinessStructure
Видео A tax that benefits you TWICE канала Ledgerly
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4 октября 2025 г. 19:45:02
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