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KB108
August 30, 2023
Question

spousal income tax bracket

  • August 30, 2023
  • 1 reply
  • 0 views

My single member LLC income will be much less than my spouse's W2 employment income. When we file jointly, will my LLC income be taxed in the same bracket as theirs?  

Thank-you!

1 reply

R
RSUMan
August 30, 2023

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.

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