Jackson Kelly Pllc
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West Virginia Becomes Latest State to Authorize Pass Through Entities to Pay State Income Tax at Entity Level Beginning With Tax Year 2022
The West Virginia Legislature recently passed a bill that could grant business owners relief from what’s become known as the “SALT cap.” Owners of pass-through entities need to understand the changes enacted by this law immediately because its retroactive nature provides a potential benefit for the 2022 tax year, whose filing deadlines are rapidly approaching.
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West Virginia Becomes Latest State to Authorize Pass Through Entities to Pay State Income Tax at Entity Level Beginning With Tax Year 2022
The West Virginia Legislature recently passed a bill that could grant business owners relief from what’s become known as the “SALT cap.”