LLC Tax Calculator
Calculate self-employment tax, income tax, and total tax for single-member and multi-member LLCs with pass-through taxation.
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Quick:
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W-2 wages, spouse income, investment income, etc.
$29,652
Total Tax Estimate
$14,130
Self-Employment Tax
$15,522
Income Tax
29.7%
Effective Rate on LLC Income
Tax Breakdown
| Item | Amount |
|---|---|
| LLC Net Profit | $100,000 |
| SE Tax Deduction (Β½ SE tax) | -$7,065 |
| QBI Deduction (20% if applicable) | -$18,587 |
| Adjusted Gross Income | $92,935 |
| Standard Deduction | -$29,200 |
| Taxable Income | $63,735 |
| Federal Income Tax | $7,218 |
| Self-Employment Tax (15.3%) | $14,130 |
| Total Federal Tax | $21,348 |
How LLC Taxes Work
LLCs are pass-through entities by default. The LLC itself pays no federal income tax β all profits flow through to members' personal returns. Members pay both income tax and self-employment tax on their share of profits.
Key Tax Components
SE Tax = Net Profit Γ 92.35% Γ 15.3% (up to SS wage base)
SE Tax Deduction = SE Tax / 2
QBI Deduction = (Net Profit - Β½SE Tax) Γ 20% (if qualified)
Taxable Income = AGI - Standard Deduction - QBI Deduction
Income Tax = Taxable Income Γ Applicable Bracket Rates
SE Tax Deduction = SE Tax / 2
QBI Deduction = (Net Profit - Β½SE Tax) Γ 20% (if qualified)
Taxable Income = AGI - Standard Deduction - QBI Deduction
Income Tax = Taxable Income Γ Applicable Bracket Rates
Example
$100K LLC profit, single, no other income:
SE Tax = $100K Γ 92.35% Γ 15.3% = $14,130
SE Deduction = $7,065 | QBI = ~$18,587
Taxable = $100K - $7,065 - $18,587 - $14,600 (std) = $59,748
Income Tax β $7,000 | Total β $21,130
SE Tax = $100K Γ 92.35% Γ 15.3% = $14,130
SE Deduction = $7,065 | QBI = ~$18,587
Taxable = $100K - $7,065 - $18,587 - $14,600 (std) = $59,748
Income Tax β $7,000 | Total β $21,130
Extended
LLC Tax Treatment by State
State-level LLC fees, franchise taxes, and annual charges
State LLC Fees & Franchise Taxes
Many states charge annual LLC fees or franchise taxes separate from income tax.
| State | Annual Fee / Tax | Notes |
|---|---|---|
| California | $800 min + 1.5% on income > $250K | Paid by all CA LLCs |
| Texas | Franchise tax on margin | 0.375% retail/wholesale, 0.75% others |
| New York | $25β$4,500 based on income | Publication requirement β$1,000β$2,000 |
| Delaware | $300/year flat | No matter where you do business |
| Massachusetts | $500/year | Annual report fee |
| Illinois | $75 + 1.5% personal property replacement | Replacement tax on profits |
| Nevada | $200β$500/year | Business license required |
| Florida | $138.75/year | Annual report fee |
| Wyoming | $60 minimum | 0.0002% of in-state assets |
| Most other states | $50β$250/year | Annual registration/report fee |
Frequently Asked Questions
How is a single-member LLC taxed?
By default, a single-member LLC is treated as a disregarded entity. The owner reports all business income and expenses on Schedule C of their personal Form 1040 and pays self-employment tax on net profit.
How is a multi-member LLC taxed?
By default, a multi-member LLC is taxed as a partnership. Each member's share of profits is reported on Schedule K-1 and included on their personal return. Members pay self-employment tax on their distributive share.
Can an LLC elect to be taxed as an S-Corp or C-Corp?
Yes. An LLC can file Form 8832 to elect C-Corp taxation or Form 2553 to elect S-Corp taxation. The S-Corp election can provide self-employment tax savings when income is high enough.
What is self-employment tax?
Self-employment tax is 15.3% on net self-employment income up to $168,600 (2024) for Social Security, plus 2.9% Medicare on all amounts above that. Half of SE tax is deductible on Schedule 1.
Does an LLC pay state-level taxes?
It depends on the state. Some states (CA, TX, NY) charge an LLC franchise tax or annual fee. California charges an $800 minimum franchise tax plus 1.5% on LLC net income above $250,000.