SCorpDesk / 2026 S-Corp & QBI Guides / New York (NY) 2026 S-Corp Tax Calculator, PTET Election & Franchise Tax Guide
New York (NY) 2026 S-Corp Tax Calculator, PTET Election & Franchise Tax Guide
What are the 2026 S-Corp tax and PTET rules in New York?
In New York (NY), the 2026 S-Corporation election rule is: REQUIRES Separate NY Form CT-6 Election + NYC Does NOT Recognize S-Corps (8.85% NYC GCT Trap!). For the Pass-Through Entity Tax (PTET) deduction: 6.85%-10.90% NY PTET (Must Opt-In by March 15!). Entity-level franchise/minimum tax: $25-$4,500 Fixed Dollar Minimum Tax based on NY Receipts.
In New York (NY), the 2026 S-Corporation election rule is: REQUIRES Separate NY Form CT-6 Election + NYC Does NOT Recognize S-Corps (8.85% NYC GCT Trap!). For the Pass-Through Entity Tax (PTET) deduction: 6.85%-10.90% NY PTET (Must Opt-In by March 15!). Entity-level franchise/minimum tax: $25-$4,500 Fixed Dollar Minimum Tax based on NY Receipts.
Open New York 2026 S-Corp & 20% Permanent QBI Calculator
2026 New York (NY) S-Corporation Statutory Tax Matrix
| New York S-Corp Compliance Area | 2026 Statutory Rule |
|---|---|
| State S-Corp Election Recognition | REQUIRES Separate NY Form CT-6 Election + NYC Does NOT Recognize S-Corps (8.85% NYC GCT Trap!) |
| Pass-Through Entity Tax (PTET) Election | 6.85%-10.90% NY PTET (Must Opt-In by March 15!) |
| Annual Minimum / Franchise Tax | $25-$4,500 Fixed Dollar Minimum Tax based on NY Receipts |
| Federal Section 199A QBI Deduction | Up to 23% of qualified K-1 income under Public Law 119-21 |
| Home Office & Mileage Deduction Method | Must use an IRC Section 62(c) Corporate Accountable Plan |
Frequently Asked Questions
Does New York require a separate state S-Corp election in 2026?
For New York (NY): REQUIRES Separate NY Form CT-6 Election + NYC Does NOT Recognize S-Corps (8.85% NYC GCT Trap!).
What is the New York S-Corp franchise or minimum tax for 2026?
In New York: $25-$4,500 Fixed Dollar Minimum Tax based on NY Receipts.