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Self employed
Your profit from your LLC business will "stack" on top of your spouse's income.
So if spouse works at Big High Tech Incorporated and just based on that salary, you are in 35% tax bracket on your joint return, then your $20,000 of LLC profit comes in; there is now an additional $7,000 of income tax owed.
‎August 30, 2023
1:20 PM
533 Views