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Bakman Yusupov & Co.
Tool 01 NY PTET Calculator

Estimate your federal PTET savings.

The NY Pass-Through Entity Tax lets partnership and S-corp owners bypass the federal SALT deduction cap. For eligible entities, this is typically 2 to 4 percent of entity income in federal savings, more with the NYC overlay. This calculator gives a directional estimate using graduated statutory rates.

Entity type
NYC overlay

Estimated NY State PTET at entity level

$—

Total entity-level PTET

$—

Federal deduction at entity level

$—

Your estimated federal tax savings, annually

$—

Every dollar figure above is an estimate only. See methodology and disclaimers below.

How we calculate this

How this estimate is calculated

New York State PTET uses graduated rates on PTE taxable income:

  • 6.85% on income up to $2 million
  • 9.65% on the portion from $2 million to $5 million (plus $137,000 base)
  • 10.30% on the portion from $5 million to $25 million (plus $426,500 base)
  • 10.90% on the portion above $25 million (plus $2,486,500 base)

NYC PTET applies at 3.876% on the city PTE taxable income attributable to NYC-resident partners (for partnerships, at least one resident partner; for S-corps, all shareholders must be city residents). The base is residence-driven, not source-driven. NYC PTET stacks on top of state PTET.

Federal savings estimate: We assume your full marginal bracket applies to the deduction, which is a simplification. Your actual savings may differ based on AMT, phaseouts, QBI interaction, state credit mechanics, and other factors.

Critical limitations:

  • This tool does not account for PTET credit mechanics at the individual level
  • Does not model resident vs nonresident partner allocation (the PTE tax base includes all-source income for resident partners, NY-source for nonresidents)
  • Does not net out state taxes you could have deducted personally under the current SALT cap, which can overstate the incremental benefit for owners below the cap's income phase-down
  • Does not capture coordination with other credits
  • Does not reflect any post-2026 rate changes
  • Assumes full eligibility for PTET election (not all entities qualify)

This output is an estimate, not tax advice. You cannot rely on this output for filing decisions. Contact us for an actual analysis of your situation.

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