PDF/Printer Friendly Version The Michigan Flow-Through Entity tax (“FTE tax”), enacted late in 2021, is Michigan’s work-around for the federal SALT deduction cap. For those flow-through entities (S-corporations or entities taxed as partnerships for federal purposes) wishing to elect into the FTE tax in its first year, the deadline is rapidly approaching. Because 2021 is the first year subject to tax for those entities wishing to opt in, the ordinary election deadline of March