LLC taxed as S corp vs S corporation in Nebraska: which costs less (2026)

At $100,000 profit in Nebraska, an LLC taxed as an S corp costs $20,911 a year in tax and fees and an S corporation costs $20,910. An S corporation starts to cost less from about $10,000 of profit.

$1 a year

saved by switching from an LLC taxed as an S corp to an S corporation in Nebraska, at these numbers.

Switching from an LLC taxed as an S corp to an S corporation starts to pay at about $10,000 of profit, with the same settings. As an S corporation this uses the state's pass-through entity tax election, which lowers the cost here.

Nebraska, 2026: $100,000 profit, single filer

Item	LLC as S corp	S corp	Change
Biennial Occupation Tax Reportsos.nebraska.gov, checked Oct 23, 2026	$14	$13	−$1
Payroll tax on your salaryirs.gov, 2026 rates	$6,275	$6,275	$0
Payroll service and tax return (estimate)	$1,800	$1,800	$0
Nebraska pass-through entity tax, paid by the company (elected)revenue.nebraska.gov, checked Oct 23, 2026	$2,501	$2,501	$0
Federal income taxirs.gov, 2026 rates	$9,205	$9,205	$0
State income tax, after the PTET creditrevenue.nebraska.gov, checked Oct 23, 2026	$1,116	$1,116	$0
Yearly cost	$20,911	$20,910	−$1

What these figures count

State income tax, and state taxes on the business itself: franchise, LLC, S corp, gross receipts and excise taxes.
Social Security and Medicare on both sides of an owner salary, federal unemployment tax and the state's new-employer rate.
The 20% qualified business income deduction with its income limits and the professional-service rule.
Yearly report fees, and a cost you can change for payroll and the business tax return.

Many S corp calculators leave out state taxes and the QBI deduction, which can make the election look better than it is.

Yearly cost at each profit level

Profit	LLC as S corp	S corp	Difference
$30,000	$7,165	$7,164	−$1
$50,000	$10,798	$10,797	−$1
$75,000	$14,227	$14,226	−$1
$100,000	$20,911	$20,910	−$1
$150,000	$35,398	$35,397	−$1
$200,000	$50,680	$50,680	+$0
$300,000	$83,731	$83,730	−$1

Federal and Nebraska tax and fees, single filer, revenue 1.5 times profit, default salary for S and C corps. "Difference" is S corporation minus LLC taxed as an S corp.

What the switch takes in Nebraska

File the Articles of Incorporation with the state: $100 (fee). Nebraska also requires a newspaper notice, about $125.
Federal return each year: Form 1120-S, due March 15, plus your own Form 1040.
State upkeep each year: Biennial Occupation Tax Report, $26 every two years, due March 1 of even-numbered years (delinquent after April 15).

What changes between the two

Both are taxed the same way by the IRS once the election is made: salary with payroll tax, the rest as a distribution, one Form 1120-S. The difference is state law: an LLC files Certificate of Organization and Biennial Report, $28 every two years, a corporation files Articles of Incorporation and Biennial Occupation Tax Report, $26 every two years.

A corporation also has formalities an LLC skips: a board, bylaws, share records and yearly minutes. Most one-person businesses pick the LLC route for that reason.

Questions

How much does it save at $100,000 in Nebraska?

$1 a year: LLC taxed as an S corp $20,911, S corporation $20,910.

Is an LLC taxed as an S corp the same as an S corp?

For federal tax, yes. For Nebraska fees and paperwork, no: the LLC pays Biennial Report, $28 every two years and the corporation Biennial Occupation Tax Report, $26 every two years.

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