S-Corp Tax Savings Calculator

Forming, operating, and maintaining an S-Corp can provide significant tax benefits.  Use our detailed calculator to determine how much you could save.  Also, take a look at our blog and video at What you Really Need to Know About S-Corp Tax Savings. 

1. NET INCOME
2. REASONABLE COMPENSATION
3. ESTIMATED SAVINGS

NET INCOME

Simply input your annual net income from self-employment. You can find this number on Line 12 of your most recent 1040 tax return. Alternatively, you can estimate what your net income will be this year.

REASONABLE COMPENSATION

Here you need to enter reasonable compensation. As a general rule, this is the fair value you would expect to receive as an employee for the services you provide (to your corporation).

ESTIMATED SAVINGS
Forming an S-Corp could save you $0,000 a year.
SECA Employement Tax
FICA Employement Tax

SECA (Self-Employed)
Net Profit
$ 000,000.00
OASDI (12.40%)
$ 000,000.00
Medicare (2.90%)
$ 000,000.00
Total SECA Employment Tax
$ 0,00.00

FICA (S-Corp)
Reasonable Compensation
$ 0,000.00
OASDI Combined (12.40%)
$ 0,000.00
Medicare Combined (2.90%)
$ 0,000.00
FUTA
$ 0,000.00
MFTBF (1.50%)
$ 0,000.00
Total FICA Employment Tax
$ 0,000.00

Projected Tax Savings
$0,000.00

Potential Uses For Savings:

  • Tax Preparation
  • Professional Bookkeeping
  • Payroll Services

Free Information

Find out if an S-Corp is right for you. Check out our S-Corp Tax Saving blog (with free video)
Free S-Corp Blog and Video

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