Estimated annual savings
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Self-employment tax as a sole prop / LLC
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Payroll taxes on your S-corp salary
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Profit taken as distributions (no SE tax)
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Estimate only — 2026 figures (15.3% SE tax, $184,500 Social Security wage base). Doesn't include payroll service costs (~$600–$1,200/yr), state taxes, QBI interactions, or retirement-plan effects. Whether the election is worth it depends on your full picture.