As a freelancer in Florida, forming an LLC can offer significant tax advantages, but navigating the complexities can be daunting. This guide breaks down the essential tax information for your Florida freelancing LLC in 2026, helping you stay compliant and maximize your savings. Consider Lovie for AI-powered assistance with formation and compliance.
By default, a single-member LLC is treated as a disregarded entity for tax purposes, meaning profits are passed through to you and taxed at your individual income tax rate federally. However, you can elect to have your LLC taxed as an S-Corp, which can reduce self-employment taxes. Remember, Florida has no state personal income tax, but a 5.5% corporate income tax may apply.
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