Free ToolW2 vs 1099 Take-Home
W2 vs 1099 Take-Home
Side-by-side, after taxes & benefits
Compare what actually lands in your bank account on a W2 medical sales role versus a 1099 independent rep agreement. Models self-employment tax, deductible business expenses, retirement, and benefit offsets.
Estimator only. Always confirm with a CPA before structuring an offer.
Shared inputs
W2 employee inputs
1099 independent inputs
Business expenses typically include car, phone, home office, supplies, software, conferences, and CRM/tools.
What this tool assumes
- Single filer using the standard deduction (2024 = $14,600).
- Federal tax via 2024 single-filer brackets (illustrative).
- State tax is a flat % applied to taxable income — your state may differ.
- Self-employment tax = full Social Security + Medicare on 92.35% of net earnings; half is deductible.
- QBI applied as a simplified 20% deduction (subject to real-world phase-outs above ~$200K).
- No HSA, FSA, capital gains, or non-employment income modeled.
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