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Compare your income and tax situation when you work as a W2 employee vs 1099 contractor. Use this calculator to view the numbers side by side and compare your take home income.
Based on factors like your location, tax filing status, and how much you work per week, this calculator will let you know how much of your paycheck you’d keep as a 1099 vs. W-2 worker — and how much you’ll pay in taxes.
W-2 employment generally means work for a regular paycheck (subject to minimum wage and overtime laws), while 1099 work can involve one-off or irregular payments at any pay rate. W-2...
1099 workers are responsible for 100% of Medicare and Social Security taxes and generally pay them quarterly while W-2 employees are only responsible for 50% of those taxes and have them taken...
Learn what a W2 and a 1099 are, when you should use them, the pros and cons of each and the penalties for using the wrong one.
This calculator helps you compare the potential net income from a 1099 contract position versus a W2 employee position. Instructions: Enter your annual income in the “Annual Income” field.
Employee misclassification of independent contractors can result in significant penalties. Here's how to determine if workers are 1099 vs. W-2 employees.