I'm assuming that you're a single member LLC. If so, here are three things to be aware of are:
1) You will be responsible for paying self employment taxes of 15.3% of LLC net Income in addition to regular income tax.
2) You will be able to deduct all ordinary and necessary expenses of running your LLC business.
3) Report all LLC income and expenses on Schedule C with your 2023 tax return.
The Turbo Tax – Tax Caster app is a helpful application to estimate future taxes-See below link.
TaxCaster
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