Use this calculator to:
Get a better understanding on what the general tax expenses are
Being taxed as an S-Corp and your Personal Tax Return
Enter estimates for your situation to calculate your taxes
Comprehensive tax estimation for the 2026 tax year. Assumes Texas residency (no state income tax). Calculates payroll taxes, QBI deduction, CTC limits, and final federal refund/liability based on the final rules under the One Big Beautiful Bill (OBBB).
Operating Expenses are calculated automatically as Gross Income minus Net Profit and Wages. Net Profit (Distributions) flows to your personal return.
Use "Additional Fed Withholding" (W-4 Step 4c) to cover the taxes owed on your S-Corp K-1 profit, avoiding a large tax bill at filing.
Cost of Net Paycheck + Withheld + Employer/Employee taxes divided by 4.
After applying W2 withholding and credits.