05/29/2026
PTE Update! 🚨 Minnesota business owners, we have some great news.
The Minnesota Legislature officially extended the Pass-Through Entity (PTE) tax through 2027.
Here’s what this means for your partnership, LLC, or S-Corp: You can continue paying Minnesota state tax at the entity level and take advantage of the federal business deduction.
🗓️ Key Deadline: Your first payment is due June 15. This payment will cover BOTH your first and second quarter payments combined.
Need help calculating your upcoming payments or wondering how this extension impacts your business? Reach out to Kelling CPA. We’re here to help you navigate these updates.