W-2 VS. 1099 ESTIMATOR

Compare the money behind the offer.

A higher contract number doesn't always mean more money in your pocket. See how work costs and federal taxes change the picture.

Educational estimate only. 2026 single filer, one income, simplified federal income, Social Security and Medicare taxes. Not tax advice or a take-home forecast.

STEP 01 / YOUR ASSUMPTIONS

Start with real-world expenses.

Use example amounts, not personal financial details. Nothing leaves your browser.

Both roles use the same gross pay. Supports $0–$180,000.

W-2 employee

1099 independent contractor

STEP 02 / APPROXIMATE COMPARISON

What could be left?

After the costs above and simplified federal taxes. Your actual take-home will differ.

W-2 · ESTIMATED ANNUAL CASH—

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1099 · ESTIMATED ANNUAL CASH—

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Enter assumptions to see the comparison.

Not included: state and local taxes, QBI and self-employed health deductions, pre-tax benefits, employer retirement and insurance, tax credits, itemized deductions and other income. Higher cash isn't always the better job.

01 / REIMBURSEMENTS

Ask who pays for what.

Travel, credentials, conferences, training and equipment are handled differently from role to role.

02 / BENEFITS

Compare the total package.

Health coverage, retirement, paid time off and unemployment coverage matter beyond cash pay.

03 / STATUS

Classification isn't a preference.

Employee or contractor status depends on the actual working relationship, not just what the contract says.

Choose a role with your eyes open.

Use the estimate to ask better questions of employers and a tax professional, not as a paycheck forecast.

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