S-Corp Savings Calculator

Estimate your potential tax savings by switching from a sole proprietorship to an S-Corporation for tax year 2025.

Your Current Tax Situation (Form 1040)

Filing Status

Schedule C Net Income

Other Wages (W2)

Other Misc. Income

SE Health Insurance Deduction

Deductible Part of SE Tax

QBI Deduction

Total Child/Other Credits

Current Estimated Total Tax

$0.00

Income Tax + SE Tax - Credits

Proposed S-Corp Scenario

Projected Reasonable Compensation (W-2)

The annual W-2 salary you'll pay yourself from the S-Corp.

Monthly Payroll Service Fee

Estimated cost for a service like Gusto, ADP, etc.