Important Announcement

LDR’s New Orleans Regional Office is now located at the OMV building, 100 Veterans Blvd · Walk-ins Mon–Fri, 8 AM–4 PM · No appointment needed Get more info

Is there a standard deduction available for entities taxed as a corporation?

Yes. A standard deduction equal to $20,000 is effective for taxable periods beginning on or after January 1, 2025.