TaxesLive calculator

W-2 vs 1099 Comparison

True cost comparison for employees vs contractors.

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5 min

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PREVIEW

W-2

Higher modeled value

Inputs

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W-2 salary$140,000

1099 hourly rate$95.00

Billable hours per week38

Billable weeks48

Annual business expenses$9,000

W-2 benefits value$18,000

State tax estimate5.0%

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