Payroll Tax Analysis
As a high-earning professional or S-Corp owner, determining your optimal W-2 salary is critical for strategic tax planning. Use our calculator to see the breakdown.
Turn the estimate into a next step
1. Inputs
Enter the salary you are evaluating.
2. Estimate
See the FICA breakdown and wage-base effect.
3. Individual review
Discuss your facts with the planning team.
S-Corp Payroll Tax Calculator
Understand the "double taxation" impact of FICA taxes. See exactly how the Social Security wage base cap of $184,500 affects high earners.
Total Estimated FICA
$15,300
What should you do with the number?
Use this estimate to decide what to explore next. The pension planner models contribution potential; an individual review accounts for your entity, employees, and plan design before any recommendation is made.
This calculator provides an educational estimate. It does not determine a reasonable salary or provide tax, legal, or investment advice.
The "Double Taxation" Effect
When operating as a sole proprietor or S-Corporation, you are responsible for both the employer and employee halves of FICA taxes. This equates to a staggering 15.3% tax on your wages before federal and state income taxes are even applied.
The Wage Base Cap
Fortunately, the largest portion of FICA—the 12.4% Social Security tax—is capped at a specific income limit each year ($184,500 for 2026). Any W-2 salary drawn above this limit is only subject to the 2.9% Medicare tax (and applicable surtaxes).
Ready to Stop Overpaying?
Now that you see the math, let's explore how a Cash Balance Plan can legally shield this income from unnecessary taxation.