PTET elections allow partnerships and S corporations to pay Nebraska income tax at the entity level, helping owners bypass the federal SALT deduction cap. In this article for Nebraska CPA, tax attorneys Jeff Schaffart and Nick Bjornson outline key updates to Nebraska’s PTET framework, including retroactive elections, streamlined filing mechanics, credit timing, and enhanced deficiency notice requirements, and discuss the practical considerations and planning implications for CPAs, tax advisors, and business owners evaluating PTET elections.

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