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1 reply

M
MayaD
March 6, 2025

The purpose of the SALT Parity Act is to allow partnerships and S corporations to make an election to pay Colorado income tax at the entity level so that they may claim a federal deduction for state income taxes above the $10,000 deduction limitation that applies to individuals.

 

For more information check: SALT Parity Act

DR 1705 - SALT Parity Act Election Form

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