What business expenses can 1099 contractors deduct?

Contractors can deduct home office costs, mileage, computer hardware, internet, phone bills, and equipment directly from their gross business income.

What is the 20% Qualified Business Income (QBI) deduction?

Under Section 199A, eligible self-employed contractors and pass-through business owners can deduct up to 20% of net qualified business income from federal income tax.

USA1099 vs. W-2 Paycheck ComparisonFinanza

US 1099 Contractor vs. W-2 Employee Take-Home Pay & Equivalent Rate Calculator

Compare net after-tax take-home earnings between an independent contractor (1099 NEC subject to 15.3% Self-Employment tax) and a salaried employee (W-2 with employer FICA and benefit coverage).

Stipendi e Salari Lavoro Autonomo Imposte e Tasse

Parametri di Input

In tempo reale

Target W-2 Annual Salary ($)

Selezione rapida:

Estimated 1099 Business Expenses / Deductions ($)

Selezione rapida:

Risultato Calcolato1099 vs. W-2 Paycheck Comparison

Equivalent 1099 Annual Revenue Needed to Match W-2

$133,000

Required 1099 Hourly Billing Rate ($/hr)

$66.5

Standard W-2 Employee Hourly Rate ($/hr)

$48.08

Dettaglio del Calcolo

W-2 Salary

$100,000

Extra SE Tax (7.65%)

$7,650

1099 Equivalent Target

$133,000

Metodologia di Calcolo

1099 SE Tax = Net 1099 * 0.9235 * 15.3%. Equivalent 1099 Rate = W-2 Salary * 1.30 (approx 25-35% markup to account for self-employment tax, healthcare, and PTO).

Disclaimer Legale e Informativo

1099 contractors pay both halves of FICA (15.3%) and do not receive paid time off or employer-subsidized health insurance.

Questo calcolatore è progettato solo a scopo educativo e informativo. I risultati non costituiscono una consulenza finanziaria o legale vincolante.

Domande Frequenti

W-2 employees split FICA taxes 50/50 with their employer (paying 7.65%), while 1099 independent contractors pay the full 15.3% self-employment tax.

Calcolatori Correlati

Strumenti e calcolatori consigliati adatti al tuo calcolo attuale

Esplora tutti gli strumenti

USA

US 1099 Contractor vs. W-2 Employee Take-Home Pay & Equivalent Rate Calculator

Parametri di Input

Dettaglio del Calcolo

Metodologia di Calcolo

Disclaimer Legale e Informativo

Domande Frequenti

Calcolatori Correlati

US Federal Income Tax & Marginal Bracket Calculator

US Paycheck & Take-Home Pay (Hourly, Bi-Weekly, Monthly) Calculator

New York State (NYS) & New York City (NYC) Resident Income Tax Calculator

US FICA Tax, Social Security & Medicare Withholding Calculator

California State Income Tax (CA FTB) Marginal Bracket Calculator

US 401(k) Retirement Savings, Employer Match & Growth Calculator

US Tipped Employee Minimum Wage & Tip Credit (FLSA) Calculator

US Self-Employment Tax & Schedule C Net Earnings Calculator