W-2 vs 1099 Take-Home Calculator

Compare your net take-home as a salaried W-2 employee versus a 1099 contractor at the same gross amount. The self-employment tax gap is often larger than people expect.

Income & Tax Settings

Annual Gross Income ($)

Federal Income Tax Rate (est. %)

State Income Tax Rate (%)

Business Expenses (1099 only, $/yr)

Employer Health Premium Value (W-2 only, $/yr)

401k Contribution (% of gross)

W-2 Employee

Gross Salary—

Employee FICA (7.65%)—

Federal Income Tax—

State Income Tax—

401k Contribution—

+ Benefits Value—

Net Value—

1099 Contractor

Gross Revenue—

Self-Employment Tax (15.3%)—

SE Tax Deduction (50%)—

Federal Income Tax—

State Income Tax—

Business Expenses—

Net Take-Home—