1099 vs W2 Salary Calculator
See the real take-home difference between being an employee (W2) and independent contractor (1099).
Unmarried, divorced without dependents, or legally separated
👨👩👧👦 Dependents & Tax Credits
Employee (W2)
Contractor (1099)
The Bottom Line
At $75,000 in UT filing as Single, a W2 employee takes home $57,815/year while a 1099 contractor takes home $54,121/year. That's $3,694/year ($308/month) less as a contractor — mainly due to the 15.3% self-employment tax.
Disclaimer: This calculator provides estimates only and does not constitute tax or financial advice. Actual taxes depend on deductions, credits, and individual circumstances. Consult a CPA or tax professional for your specific situation.
2026 Tax Brackets: Federal brackets reflect projected 2026 IRS adjustments. Standard deduction: Single = $15,700. Self-employment tax is 15.3% on 92.35% of net earnings. Child Tax Credit: $2,000 per child under 17. Other Dependent Credit: $500.
What is a W2? The tax form for regular employees. Your employer withholds federal, state, and FICA taxes and pays half of your Social Security and Medicare taxes.
What is a 1099? The tax form for independent contractors. You pay all taxes including the full 15.3% self-employment tax (both employee and employer portions of SS + Medicare).
Find jobs that match your salary goals
Search 46 sources. Filter by salary range. AI-matched to your skills.
Browse Jobs →