CivicFinCalc

1099 vs W-2 Tax Guide



1099: 15.3% SE tax. W-2: 7.65% (employer matches).

1099

  • 15.3% on 92.35% of net
  • Deduct business expenses
  • QBI: 20% deduction


    • W-2

  • 7.65% FICA
  • Benefits: health, 401k, PTO


    • S-Corp

    Salary + distributions (no FICA on dist).

    1099 vs W-2 vs S-Corp Calculator