Covers All 50 States

Free LLC Tax
Calculator

Estimate your self-employment tax, federal income tax, and state tax. Free. Instant. No signup.

LLC Tax Calculator

Enter your LLC revenue, expenses, state, and filing status to estimate your taxes for the year.

Annual Revenue ($)

Business Expenses ($)

State

Filing Status

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Important Disclaimer

This calculator is for informational and educational purposes only and does not constitute financial, tax, or legal advice. Results are estimates based on simplified assumptions and the information you provide — they may not reflect your actual tax liability. Tax laws change frequently and individual circumstances vary. This tool does not create a professional-client relationship. Please consult a licensed CPA, tax professional, or financial advisor before making any tax or financial decisions based on these results.

How the LLC Tax Calculator Works

Enter Your Revenue & Expenses

Input your LLC gross revenue and deductible business expenses to calculate your net profit.

Select Your State & Filing Status

Choose from all 50 US states and your tax filing status (single, married filing jointly, or married filing separately) for a personalized estimate.

See Your Full Tax Breakdown

Instantly view your self-employment tax (SE tax), federal income tax, state income tax estimate, total tax owed, and effective tax rate.

LLC Tax Calculator — FAQs

What taxes does an LLC owner pay?

LLC owners (single-member, taxed as sole proprietors) pay self-employment (SE) tax of 15.3% on 92.35% of net profit, plus federal income tax at ordinary rates, and state income tax. You can deduct half of your SE tax when calculating adjusted gross income.

How is self-employment tax calculated for an LLC?

The SE tax base is your net profit multiplied by 92.35% (to account for the employer-equivalent deduction). The SE tax rate is 15.3% (12.4% Social Security + 2.9% Medicare). For 2024, Social Security only applies to the first $168,600 of earnings.

How can I reduce my LLC taxes?

Common strategies include: (1) deducting all legitimate business expenses, (2) electing S-Corp status once net profit consistently exceeds ~$40,000 to reduce SE tax on distributions, (3) contributing to a SEP-IRA or Solo 401(k), and (4) claiming the 20% Qualified Business Income (QBI) deduction if eligible.

Is this calculator accurate?

This tool provides a simplified estimate for planning and educational purposes only. Actual taxes depend on many factors including other income sources, deductions, tax credits, and filing specifics. Consult a licensed CPA or tax professional for precise advice.