What is the tax rate for small businesses?
Jul, 22 2023 Benjamin Calderwood

What is the tax rate for small businesses?

In the complex world of taxes, it's crucial to understand the rates that apply to small businesses. Generally, the tax rate for small businesses in the U.S. can range from 10% to 35%, depending on the company's taxable income. However, it's important to note that these rates may vary by state and the business structure (like LLC, corporation, etc.). Additionally, small businesses may be eligible for certain deductions and credits, which can reduce their tax liability. So, it's always a good idea to consult with a tax professional to ensure you're in the know and compliant.

More

Recent-posts

Texas Rep. Jasmine Crockett Faces Criticism Over 'Hot Wheels' Remark Directed at Gov. Greg Abbott

NYT Connections Puzzle: Categories and Solutions for February 22, 2025

Beterbiev vs. Bivol: Rematch Set to Electrify Boxing Fans at Light Heavyweight Showdown

MLS 2025 Season Kickoff: Exciting Opening Matches and How to Watch LAFC vs. Minnesota United

Sergio Ramos Joins Monterrey Rayados, Shocking Soccer Fans Worldwide