Dana Whitfield

HighIn reviewProspect

Whitfield Design Co.Dana WhitfieldHNWSingleTX, CAJulian RhoQuarterlyReturn on file

Est. current income

$1,140,000

vs $905,000 prior year

Effective rate

29.9%

Marginal bracket

37% ordinary + 0.9% add'l Medicare

Dec 31 hard stops

At a glance

Income trend

+26%

$905K → $1.1M AGI

Next-dollar rate

36%

Marginal · Single

Cliffs to watch

Additional Medicare 0.9%
QBI W-2-wage limit (non-SSTB)
Top of 35% bracket

This year: Record ~$1.14M year; wages flat while distributions rose — reasonable-comp risk

Entities linked (2)

Whitfield Design Co. · Dana Whitfield

S-Corp · W-2

State footprint

TX, CA

Multi-state — check apportionment & PTET

Income mix

3 sources

S-corp K-1 ordinary · W-2 wages · distributions

Year-over-year briefing

2026 Return Summary (projected)

AGI: $1,140,000
Taxable income: $1,123,900
Total tax: $335,900
Effective / marginal: 29.9% · 37%
Withholding + estimates: $255,000
Estimated balance due: $80,900

Estimated Payments & Safe Harbor

Paid

$71,000

Paid

$71,000

Paid

$71,000

Due

$70,900

Safe harbor (110% of 2025 tax ($258,000))Shortfall

Paid $213,000 of $283,800$70,800 due by Jan 15

3-Year Trend

Metric	2024	2025	2026proj	Change
AGI	$712,000	$905,000	$1,140,000	+60%
Total tax	$192,000	$258,000	$335,900	+75%
Effective rate	27.6%	29.0%	29.9%	+8%

Carryforward Ledger

§163(j) interest
2025 disallowed business interest
$12,000

What's Different This Year

Record ~$1.14M year; wages flat while distributions rose — reasonable-comp risk
No cash-balance/DB plan in place to shelter the spike
§199A deduction at risk unless W-2 wages support the 50% limit

Added

New state — out-of-state customer revenue

Notable

Record year: total income up ~26% vs prior yearDistributions up sharply while W-2 wages stayed flatNo qualified plan beyond a modest 401(k)Equipment expansion under consideration before year-end

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 · $12k

12% top · $50k

22% top · $106k

24% top · $202k

32% top · $256k

35% top · $641k

Standard deduction$16,100

10% bracket$12,400

12% bracket$38,000

22% bracket$55,300

24% bracket$96,075

32% bracket$54,450

35% bracket$384,375

37% bracket$67,300

Marginal Rate Curve

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

35.9%

on the next dollar at +$0

35% bracket + 0.9% additional Medicare

+$0+$150k

Ordinary bracketPhase-out / surtax

MAGI Phase-Out Map

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

medicareAdditional Medicare 0.9%$940k over

MAGI $1.1M · threshold $200kcrossing: +0.9% on wages above this

creditQBI W-2-wage limit (non-SSTB)$863k over

MAGI $1.1M · threshold $277kcrossing: §199A capped at 50% of W-2 wages

bracketTop of 35% bracket$499k over

MAGI $1.1M · threshold $641kcrossing: next dollar taxed at 37%

Elan

Grounded on Dana Whitfield

I flagged 2 things for Dana Whitfield.

Elan brought this to you

Year-over-year briefing

2026 Return Summary (projected)

AGI: $1,140,000
Taxable income: $1,123,900
Total tax: $335,900
Effective / marginal: 29.9% · 37%
Withholding + estimates: $255,000
Estimated balance due: $80,900

Estimated Payments & Safe Harbor

Paid

$71,000

Paid

$71,000

Paid

$71,000

Due

$70,900

Safe harbor (110% of 2025 tax ($258,000))Shortfall

Paid $213,000 of $283,800$70,800 due by Jan 15

3-Year Trend

Metric	2024	2025	2026proj	Change
AGI	$712,000	$905,000	$1,140,000	+60%
Total tax	$192,000	$258,000	$335,900	+75%
Effective rate	27.6%	29.0%	29.9%	+8%

Carryforward Ledger

§163(j) interest
2025 disallowed business interest
$12,000

What's Different This Year

Record ~$1.14M year; wages flat while distributions rose — reasonable-comp risk
No cash-balance/DB plan in place to shelter the spike
§199A deduction at risk unless W-2 wages support the 50% limit

Added

New state — out-of-state customer revenue

Notable

Record year: total income up ~26% vs prior yearDistributions up sharply while W-2 wages stayed flatNo qualified plan beyond a modest 401(k)Equipment expansion under consideration before year-end

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 · $12k

12% top · $50k

22% top · $106k

24% top · $202k

32% top · $256k

35% top · $641k

Standard deduction$16,100

10% bracket$12,400

12% bracket$38,000

22% bracket$55,300

24% bracket$96,075

32% bracket$54,450

35% bracket$384,375

37% bracket$67,300

Marginal Rate Curve

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

35.9%

on the next dollar at +$0

35% bracket + 0.9% additional Medicare

+$0+$150k

Ordinary bracketPhase-out / surtax

MAGI Phase-Out Map

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

medicareAdditional Medicare 0.9%$940k over

MAGI $1.1M · threshold $200kcrossing: +0.9% on wages above this

creditQBI W-2-wage limit (non-SSTB)$863k over

MAGI $1.1M · threshold $277kcrossing: §199A capped at 50% of W-2 wages

bracketTop of 35% bracket$499k over

MAGI $1.1M · threshold $641kcrossing: next dollar taxed at 37%