W-2 vs. 1099 Income Comparison

A $100K 1099 contract is not the same as a $100K W-2 salary. Self-employment tax, missing employer benefits, and the need to fund your own retirement change the math significantly. This tool computes real take-home pay for both scenarios so you can negotiate the right rate or make an informed job-offer decision.

W-2 Annual Salary ($)

1099 Annual Contract ($)

Filing Status

W-2 Benefits (annual employer cost)

Health Insurance ($)

401(k) Match ($)

1099 Business Expenses ($)

1099 Health Insurance ($)

W-2 Employee

Gross Salary

Employee FICA (7.65%)

Federal Income Tax

Employer Benefits Value

Net Take-Home

1099 Contractor

Gross Contract

Self-Employment Tax

Federal Income Tax

Business Expenses

Net Take-Home