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California Business Owners Urged to Act Now for PTET Tax Strategy Benefits

Business and Finance
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sparksAI summary
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  • PTET offers tax savings for high-income California business owners
  • Deadline for PTET election in California is June 15, 2025
  • Strategy helps bypass $10,000 SALT cap and turn state taxes into deductible business expenses
  • Partnerships and S corporations eligible for PTET benefits
  • Timely payments crucial for maximizing tax savings
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