S-Corp Tax Savings Calculator
Compare sole proprietorship vs. S-corporation election with comprehensive employment tax, QBI deduction, and cost analysis. Live preview updates as you adjust inputs.
Enter your business income and tax situation below. Results update instantly.
Estimated federal tax savings comparison
| Item | Sole Prop | S-Corp | Difference |
|---|
Sole Proprietorship Scenario:
- Self-employment tax calculated on 92.35% of net profit (15.3% rate = 12.4% Social Security + 2.9% Medicare)
- Social Security capped at $176,100 wage base for 2025 (combined with other W-2 wages)
- Additional Medicare tax (0.9%) on earnings above threshold ($250k MFJ, $200k others)
- Half of SE tax deductible as adjustment to income (Schedule 1)
- QBI deduction: 20% of qualified business income after SE deduction (subject to limitations)
S-Corporation Scenario:
- Reasonable salary subject to employer + employee FICA (6.2% + 6.2% SS; 1.45% + 1.45% Medicare)
- Social Security FICA capped at $176,100 wage base (combined with other W-2 wages)
- Additional Medicare tax (0.9%) applies to wages only, not K-1 distributions
- S-corp profit = business income – salary – employer FICA (passes through on K-1)
- QBI deduction: 20% of S-corp profit (W-2 wages not QBI-eligible)
- No SE tax on K-1 distributions (key savings driver)
Comparison & Net Savings:
- Employment tax savings = (SE tax + Addl Medicare SP) – (Total FICA + Addl Medicare SC)
- Income tax effects from QBI deduction differences and loss of half-SE deduction
- Net savings = Gross savings – Annual S-corp admin costs
- Guidance: Below ~$60k profit, S-corp rarely worthwhile after costs; above $60k, savings typically scale with income if salary set reasonably
Sources: IRS Publication 334 (Self-Employment), Topic 751 (FICA rates), Topic 560 (Additional Medicare), Form 8995 Instructions (QBI), 2025 Social Security wage base. This calculator provides estimates for educational purposes. Consult a tax professional for advice specific to your situation. Reasonable compensation is fact-specific; IRS considers duties, qualifications, time, industry norms, and other factors.