Terms of use

This is not tax advice

Electa is an educational calculator. It is not a certified public accountant, an enrolled agent, or a law firm, and using it does not create a client relationship of any kind. Nothing on this site is tax, legal, accounting or financial advice, and none of it is tailored to your circumstances.

Electing S-corporation status has consequences that persist for years and can be expensive to unwind. Have a qualified professional review your situation before you file Form 2553.

Accuracy

The calculator uses published federal rules for tax year 2026 and state schedules as enacted at the time of writing, and the methodology page sets out exactly what is and is not modelled. Tax law changes, sources contain errors, and simplifications are unavoidable. Figures are estimates and are provided without warranty of accuracy or fitness for any particular purpose.

Your use of the site

You may use Electa freely for your own purposes, including commercial ones. You may not scrape it at a volume that degrades it for others, misrepresent its output as professional advice, or present it as your own product.

Affiliate disclosure

Some outbound links to payroll, formation, bookkeeping and tax services pay us a commission if you sign up. This costs you nothing, has no effect on any calculated figure, and does not influence the recommendation the calculator gives.

Limitation of liability

To the fullest extent permitted by law, Electa is not liable for any loss arising from your use of this site, including any tax, penalty or interest assessed against you. You are responsible for your own filings.

Availability

The site is provided as-is. It may change, break, or go away, and saved scenarios are a convenience rather than a durable record — keep your own copy of anything that matters.