 PTET has many upcoming due dates and deadlines. To help electing entities meet any PTET responsibilities they may have, we've put the most important PTET information in one place, below.
2024 PTET estimated payments
Fourth-quarter estimated PTET payments for New York State were due December 16, 2024. By the due date of the annual return—March 17, 2025—electing entities must pay all remaining PTET.
2024 PTET annual return and extension
Entities that opted in to PTET for the 2024 taxable year must:
Each annual return must include complete and accurate details about the entity’s partners, members, or shareholders and the amount of PTET credit they are eligible to claim. The PTET Annual Return Web File application offers a choice to manually enter this information or to upload a file for convenience. Entities with more than 100 partners, members, or shareholders must upload this information.
If the entity does not file the annual return, we must deny its partners', members', or shareholders' claims for the PTET credit.
If an entity needs to amend its annual return, it must first ask for permission through the PTET Web File application. We review and approve all requests to amend PTET returns. The entity must make the request online within one year of the extended due date of the initial return (generally, September 15). For details, visit FAQs about PTET: Can an entity amend its PTET return after it has been filed?
Reminders about PTET filing extensions
To request an extension of time to file the annual return, electing entities must use the online PTET Extension application. Having an extension of time to file a different tax form does not give you an extension of time to file the annual return.
Additionally, having an extension of time to file the annual return does not give you an extension of time to:
- pay any tax due;
- file any other form—including Form IT-204, Partnership Return, or Form CT-3-S, New York State S Corporation Franchise Tax Return—and its required attachments; or
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report information on PTET credits that the entity is providing to partners, members, or shareholders.
2025 PTET annual election
Authorized persons filing on behalf of eligible entities can opt in to the New York State and New York City PTET for tax year 2025 using the online PTET Annual Election application.
The deadline to opt in is March 17, 2025.
2025 PTET estimated payments
Quarterly estimated PTET payments for tax year 2025 are due March 17, June 16, September 15, and December 15, 2025. Entities may make payments—or schedule them in advance—using the online PTET Estimated Payment application.
Foreign partners, members, and shareholders
To file the annual return, an electing entity must report identifying information for each partner, member, or shareholder that is being allocated a PTET credit. An entity that does not have all identifying information must request an extension of time to file by March 17, 2025.
If a partner, member, or shareholder does not have a taxpayer identification number, they must obtain one by filing a New York State personal income tax return (or extension of time to file an income tax return).
Frequently asked questions
Have a question about PTET? Check out Frequently asked questions about the pass-through entity tax (PTET) for answers to common questions.
Keep up with PTET changes
If you haven’t already, subscribe to Pass-through entity tax (PTET) emails. We’ll send you important information about PTET and notifications when we update PTET webpages.
Due dates
3/17/2025
- 2024 annual return or extension request
- 2025 annual election
- 2025 first-quarter estimated payment
6/16/2025
- 2025 second-quarter estimated payment
9/15/2025
- 2023 amended return request
- 2024 annual return for those who requested extensions
- 2025 third-quarter estimated payment
12/15/2025
- 2025 fourth-quarter estimated payment
Stay on top of due dates; bookmark our Tax Calendar.
Additional resources
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