W2 vs 1099 Calculator - Find Your True Take-Home Pay

Compare a salaried employee offer against a contractor rate. See exactly where your money goes and what you actually take home.

Updated for 2025 Tax YearAll 50 StatesFree, No Sign-up Required

W2 Employee Offer

$

Enter your base salary before any deductions

70%

What percentage of your health insurance premium does your employer pay?

$

Your share after the employer contribution

$

Estimated monthly value of dental and vision coverage

3%
6%
$

We calculate the dollar value of your PTO based on your daily rate

$

Commuter benefits, wellness stipend, equity, etc. Enter estimated annual value

1099 Contractor Offer

$

$

Deduce based on sq footage or simplified $5/sqft method

$
$
$

50% deductible by default (business-use portion)

$

2025 IRS rate: 70 cents per mile

$
$
$
$
Total Deductions$0.00
$

Self-employed individuals can deduct 100% of health insurance premiums

0%

SEP-IRA allows up to 25% of net self-employment income, max $69,000 in 2025

Enter a salary or contract rate above to see your results.

More Free Tools

Standalone calculators for quarterly taxes, true hourly rate, and benefits value.

Your Income

$
$

Quarterly Payments

Each Quarter

$0.00

Recommended savings rate: 0.0% of gross

Q1April 15, 2025$0.00
Q2June 16, 2025$0.00
Q3September 15, 2025$0.00
Q4January 15, 2026$0.00