2026 Calculator
LLC Tax Calculator
Calculate taxes on LLC income
Legal Disclaimer
Results are estimates based on projected formulas and may not reflect current tax laws or regulations. Past performance does not guarantee future results. Consult a licensed financial advisor or CPA.
*Based on estimated 2026 projections. Data may not reflect real-time legislative changes.
FAQ
How is LLC income taxed?
LLCs are pass-through entities by default. Single-member LLCs report on Schedule C and pay self-employment tax (15.3%). Multi-member LLCs file Form 1065 and issue K-1s to members. All LLC income is taxed at the owner's individual rate plus SE tax on active income.
Should my LLC elect S-Corp status?
S-Corp election can save money when net profit exceeds ~$40-50K annually. You pay yourself a reasonable salary (subject to payroll taxes) and take remaining profit as distributions (no SE tax). However, S-Corps have additional compliance costs and payroll requirements.
What is the QBI deduction for LLCs?
The Qualified Business Income (QBI) deduction allows LLC owners to deduct up to 20% of qualified business income from taxable income. Income limits apply for specified service trades. This can significantly reduce your effective tax rate on LLC profits.