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.

EUA1099 vs. W-2 Paycheck ComparisonFinanças

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).

Salários e Remunerações Trabalho Autônomo Impostos e Taxas

Dados de Entrada

Em tempo real

Target W-2 Annual Salary ($)

Seleção rápida:

Estimated 1099 Business Expenses / Deductions ($)

Seleção rápida:

Resultado Calculado1099 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

Detalhamento do Cálculo

W-2 Salary

$100,000

Extra SE Tax (7.65%)

$7,650

1099 Equivalent Target

$133,000

Metodologia de Cálculo

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).

Aviso Legal e Educacional

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

Esta calculadora destina-se a fins educacionais e informativos. Os resultados não constituem consultoria financeira ou jurídica vinculativa.

Perguntas Frequentes

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.

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

Dados de Entrada

Detalhamento do Cálculo

Metodologia de Cálculo

Aviso Legal e Educacional

Perguntas Frequentes

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