What are the income tax rates for S corps and other pass-through entities making the pass-through entity (“PTE”) election?
For taxable periods beginning on or after January 1, 2025, the individual income tax rate is a flat 3%. The graduated brackets and rates for income tax have been repealed.
Rates applicable to taxpayers with a filing status of single, married filing separately, or head of household:
| Taxable Income | Tax Years
2009-2021 | Tax Years
2022-2024 | Tax Years
2025 and
After |
|---|
| $0 - $12,500 1 | 2.00% | 1.85% | 3% |
| $12,501 - $50,000 | 4.00% | 3.50% | 3% |
| $50,001 and over | 6.00% | 4.25% | 3% |
1 For tax years prior to 2025,
see LA R.S. 47:32(A)(1),
294, and
295(B); the combined personal exemption, standard deduction, and other exemption deductions must be deducted from the lowest tax bracket first and then the remaining brackets in increasing order.
Rates applicable to taxpayers with a filing status of married filing jointly or qualified surviving spouse:
| Taxable Income | Tax Years
2009-2021 | Tax Years
2022-2024 | Tax Years
2025 and
After |
|---|
| $0 - $25,000 2 | 2.00% | 1.85% | 3% |
| $25,001 - $100,000 | 4.00% | 3.50% | 3% |
| $100,001 and over | 6.00% | 4.25% | 3% |
2 For tax years prior to 2025,
see LA R.S. 47:32(A)(1),
294, and
295(B); the combined personal exemption, standard deduction, and other exemption deductions must be deducted from the lowest tax bracket first and then the remaining brackets in increasing order.
