Navigating the tax landscape as a side hustler with a Delaware LLC in 2026 can be complex. This guide simplifies federal and Delaware-specific tax obligations, helping you maximize deductions and avoid penalties. With Lovie, managing these complexities becomes seamless, allowing you to focus on growing your side hustle.
As a single-member LLC in Delaware, your business income is typically treated as pass-through income, meaning it's reported on your personal income tax return (Form 1040). You'll also be subject to self-employment taxes. Choosing S-corp election can sometimes reduce self-employment tax, but requires careful analysis. Delaware does not have a state income tax on out-of-state revenue, which is advantageous if your side hustle caters to customers outside of Delaware. Lovie can help you determine the most tax-efficient structure for your specific situation.
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