Tax Optimization — W-2 vs S-Corp vs Schedule C
Compare federal tax + payroll/SE tax across three structures at the same total revenue.
W-2 total tax
$45,704
S-Corp total
$40,558
Schedule C
$46,286
Lowest-tax structure
S-Corp
Comparison ignores state tax, retirement contributions, and the administrative cost of S-Corp payroll/filings.
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TurboTax Self-Employed
Industry-leading guided filing for 1099, freelance, and gig income.
Best for: Freelancers, contractors, and small business owners · people choosing a business structure
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