S Corporation
TaxesA tax election allowing a corporation to pass income through to shareholders, avoiding corporate-level taxation while providing liability protection.
Example
Example: On a $75,000 salary, understanding s corporation could save you hundreds or thousands at tax time. For instance, if you are in the 22% marginal bracket, knowing how s corporation works helps you make smarter decisions about deductions, credits, and withholding. Check your tax picture with our income tax calculator.