2026 · live calculation
1099 vs W-2 Calculator
A contractor rate must cover both halves of FICA (self-employment tax) and benefits. Compare realistic net outcomes side by side.
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Estimated result · 2026 rates
Planning comparison, not a complete tax return. Local taxes and state disability/payroll deductions are excluded. The 1099 side also excludes business expenses, health insurance and retirement-plan differences. QBI is modeled only at or below the 2026 taxable-income-before-QBI threshold; above it, $0 is applied because SSTB/W-2-wage/UBIA phase-in rules are unsupported, not because you are necessarily ineligible. Capital gains, loss carryforwards and the eligibility-dependent $400 minimum deduction are not modeled.
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Frequently asked questions
Why do contractors pay more tax at the same income?
Self-employed workers pay both the employee and employer halves of Social Security and Medicare (15.3% total, the SE tax), though half of it is deductible.
What rate should I charge as a 1099?
A common heuristic is W-2 hourly × 1.25–1.4 to cover SE tax, benefits, unpaid time and risk.