Marcus Delacroix

HighDraftingProspect

S-CorpW-2Married filing jointlyILJulian RhoSemiannualReturn on file

Est. current income

$610,000

vs $565,000 prior year

Effective rate

24.8%

Marginal bracket

35% ordinary

Dec 31 hard stops

At a glance

Income trend

+8%

$565K → $610K AGI

Next-dollar rate

35%

Marginal · MFJ

Cliffs to watch

QBI phase-out top (SSTB, MFJ)
NIIT threshold (MFJ)
Top of 35% ordinary bracket

This year: Potential sale — asset vs. stock structure drives the tax outcome

Entity exposure

Pass-through (K-1)

Schedules E, K-1

State footprint

Single-state filer

Income mix

2 sources

S-corp K-1 ordinary · W-2 wages

Year-over-year briefing

2026 Return Summary (projected)

AGI: $610,000
Taxable income: $572,000
Total tax: $141,900
Effective / marginal: 24.8% · 35%
Withholding + estimates: $127,000
Estimated balance due: $14,900

Estimated Payments & Safe Harbor

Paid

$31,000

Paid

$31,000

Paid

$33,000

Due

$46,680

Safe harbor (110% of 2025 tax ($128,800))Shortfall

Paid $95,000 of $141,680$46,680 due by Jan 15

3-Year Trend

Metric	2024	2025	2026proj	Change
AGI	$512,000	$565,000	$610,000	+19%
Total tax	$115,400	$128,800	$141,900	+23%
Effective rate	24.1%	24.4%	24.8%	+3%

Carryforward Ledger

No material carryforwards on the prior return.

What's Different This Year

Potential sale — asset vs. stock structure drives the tax outcome
QBI/§199A phase-out at current income (if SSTB)
Estimates short of the 110% safe harbor — Q4 gap

Added

Inbound LOI from a strategic buyer (post-year-end close likely)

Notable

Acquisition interest received — structure not yet setQBI likely phased out as an SSTB at this incomeIncome up 8% vs prior year; estimates at prior-year levels

Tax anatomy

Income by Tax Bracket

How income fills the ordinary brackets, with capital gains stacked on top. Dashed lines mark each bracket ceiling — the gap above is your room.

10% top · $24k

12% top · $97k

22% top · $207k

24% top · $395k

32% top · $501k

35% top · $752k

Standard deduction$30,000

10% bracket$23,850

12% bracket$73,100

22% bracket$109,750

24% bracket$187,900

32% bracket$106,450

35% bracket$70,950

Room before

$179,600

of income before crossing into the next bracket

Marginal Rate Curve

The true rate on the next dollar across added income — decomposed so you can see which tax drives each spike.

35%

on the next dollar at +$0

35% bracket; §199A already phased out as an SSTB

+$0+$220k

Ordinary bracket

MAGI Phase-Out Map

Where this client sits against each threshold — and what crossing it costs.

creditQBI phase-out top (SSTB, MFJ)$126k over

MAGI $610k · threshold $484kcrossing: §199A fully phased out above this

NIITNIIT threshold (MFJ)$360k over

MAGI $610k · threshold $250kcrossing: 3.8% on net investment income

bracketTop of 35% ordinary bracket$142k room

MAGI $610k · threshold $752kcrossing: next dollar taxed at 37%

Elan

Grounded on Marcus Delacroix

Nothing outstanding for Marcus Delacroix right now.

Elan brought this to you

Nothing needs you for Marcus Delacroix right now.

Year-over-year briefing

2026 Return Summary (projected)

AGI: $610,000
Taxable income: $572,000
Total tax: $141,900
Effective / marginal: 24.8% · 35%
Withholding + estimates: $127,000
Estimated balance due: $14,900

Estimated Payments & Safe Harbor

Paid

$31,000

Paid

$31,000

Paid

$33,000

Due

$46,680

Safe harbor (110% of 2025 tax ($128,800))Shortfall

Paid $95,000 of $141,680$46,680 due by Jan 15

3-Year Trend

Metric	2024	2025	2026proj	Change
AGI	$512,000	$565,000	$610,000	+19%
Total tax	$115,400	$128,800	$141,900	+23%
Effective rate	24.1%	24.4%	24.8%	+3%

Carryforward Ledger

No material carryforwards on the prior return.

What's Different This Year

Potential sale — asset vs. stock structure drives the tax outcome
QBI/§199A phase-out at current income (if SSTB)
Estimates short of the 110% safe harbor — Q4 gap

Added

Inbound LOI from a strategic buyer (post-year-end close likely)

Notable

Acquisition interest received — structure not yet setQBI likely phased out as an SSTB at this incomeIncome up 8% vs prior year; estimates at prior-year levels

Tax anatomy

Income by Tax Bracket

How income fills the ordinary brackets, with capital gains stacked on top. Dashed lines mark each bracket ceiling — the gap above is your room.

10% top · $24k

12% top · $97k

22% top · $207k

24% top · $395k

32% top · $501k

35% top · $752k

Standard deduction$30,000

10% bracket$23,850

12% bracket$73,100

22% bracket$109,750

24% bracket$187,900

32% bracket$106,450

35% bracket$70,950

Room before

$179,600

of income before crossing into the next bracket

Marginal Rate Curve

The true rate on the next dollar across added income — decomposed so you can see which tax drives each spike.

35%

on the next dollar at +$0

35% bracket; §199A already phased out as an SSTB

+$0+$220k

Ordinary bracket

MAGI Phase-Out Map

Where this client sits against each threshold — and what crossing it costs.

creditQBI phase-out top (SSTB, MFJ)$126k over

MAGI $610k · threshold $484kcrossing: §199A fully phased out above this

NIITNIIT threshold (MFJ)$360k over

MAGI $610k · threshold $250kcrossing: 3.8% on net investment income

bracketTop of 35% ordinary bracket$142k room

MAGI $610k · threshold $752kcrossing: next dollar taxed at 37%