What is the franchise tax no-tax-due threshold?
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Tax Expert Today LLC
“For 2024, if your gross revenue is less than $2.47 million, you owe no franchise tax. The threshold increases annually. If you exceed the threshold, you owe franchise tax on the full gross revenue, not just the excess over the threshold. Every client situation is different, so call (239) 441-2005 to review your specific facts before acting on this guidance.”
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