PTET in Private Equity Accounting Deals in 2025 and Beyond?

Levenfeld Pearlstein, LLC
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In connection with the first Trump administration’s tax bill known as the Tax Cuts and Jobs Act (“Jobs Act”), a cap on state and local tax deductions was instituted at $10,000 (“SALT Cap”) for tax years 2018 through 2025. The SALT Cap was applicable at the individual level and was not applicable to entities.

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