Calculate your 1099 contractor take-home pay after self-employment taxes, federal and state income tax, and deductible business expenses.
Auto-updated · Verified daily against IRS, Fed & Treasury sources
Enter your numbers below
A mid-level software engineer in Austin, TX is comparing a $130,000 W-2 offer against their current $115,000 role. The new offer includes a $10,000 signing bonus and 0.1% equity in a Series B company.
Takeaway: Texas has no state income tax, which inflates take-home vs. the same offer in California (~9.3% marginal) or New York (~6.85%). Run the comparison with your state's rate above.
Take-home calculators estimate withholding based on single/married status and claimed allowances. If you have side income, multiple jobs, or itemized deductions, your actual withholding will differ. The IRS Tax Withholding Estimator is the most accurate tool for W-4 calibration.
Nine states have no income tax (TX, FL, WA, NV, AK, SD, WY, TN, NH). California tops out at 13.3% marginal. State tax can shift your net paycheck by $200-$1,000/month on a $100K salary. Always select your state before reading take-home results.
Cost of Living Salary AdjustmentEmployer-paid health insurance, 401(k) match, HSA contributions, and paid leave have real dollar value — typically $8,000-$25,000/year for a mid-career employee. Comparing two offers on base salary alone ignores a major component of total compensation.
Benefits Value CalculatorW-2 employees pay 7.65% FICA (SS + Medicare); employers match it invisibly. 1099 contractors pay the full 15.3% self-employment tax. A $100K 1099 contract has roughly $7,650 more tax friction than a $100K W-2 salary before any other adjustments.
1099 vs W-2 Tax ComparisonBonuses are withheld at a flat 22% federal supplemental rate (or 37% over $1M) — not your effective rate. Your actual tax on the bonus is determined at year-end filing. If your marginal rate is below 22%, you'll get a refund; above, you may owe.
Bonus Tax CalculatorBased on your inputs
23.9% effective tax rate
| Gross 1099 Income | $90,000 |
|---|---|
| Self-Employment Tax | $12,717 |
| SE Tax Deduction (½) | $6,358 |
| QBI Deduction (20%) | $12,928 |
| Federal Income Tax | $4,324 |
| State Tax | $4,500 |
| Total Tax | $21,540 |
| Quarterly Est. Payment | $5,385 |
| Annual Take-Home | $49,460 |
Reality Score:save 3 numbers across housing, debt & cash to see how your full picture holds up (0–100). One calc alone can't tell you that.
Stays in your browser. Never sent to us.
Analyze 3+ calcs to unlock your Financial Picture dashboard (cross-analysis of all your numbers).
1099 contractors pay self-employment tax (15.3%), federal income tax, and state income tax. You can deduct half the SE tax from your income.
Yes. If you expect to owe $1,000+ in taxes, you may want to make quarterly payments in April, June, September, and January.
Home office, equipment, software, internet, professional development, health insurance premiums, and other ordinary business expenses.
The Qualified Business Income deduction allows many self-employed individuals to deduct up to 20% of qualified business income, reducing taxable income significantly.
1099 contractors pay an extra 7.65% in self-employment taxes because they cover both the employer and employee portions of Social Security and Medicare. On $100,000 income, this adds roughly $7,650 in taxes compared to a W-2 employee.
Self-employment tax is 15.3% on net earnings: 12.4% for Social Security (up to the wage base of $168,600 in 2024) plus 2.9% for Medicare. An additional 0.9% Medicare surtax applies to earnings above $200,000 for single filers.
Yes. Self-employed individuals can deduct 100% of health insurance premiums for themselves, their spouse, and dependents as an above-the-line deduction. This reduces both income tax and self-employment tax calculations. The deduction cannot exceed net business income.
Deduct $5 per square foot of dedicated home office space (up to 300 sq ft for $1,500 max) using the simplified method. The regular method deducts actual expenses proportional to office square footage. The space must be used regularly and exclusively for business.
Set aside 25-35% of gross income for federal and state taxes. The exact amount depends on your tax bracket, state tax rate, and deductions. Higher earners should save 35-40%. Automate transfers to a separate tax savings account with each payment received.
The IRS charges an underpayment penalty of approximately 8% annually on the amount owed, calculated quarterly. You can avoid penalties by paying at least 90% of current year taxes or 100% of prior year taxes (110% if income exceeded $150,000) through estimated payments.
SE Tax = Net Earnings × 92.35% × 15.3%
Taxable Income = Gross − Expenses − ½SE Tax − Health Ins − Retirement − QBI (20%) − Std Deduction
Take-Home = Gross − SE Tax − Fed Tax − State Tax − All Deductions
Every formula on this page traces to a federal agency, central bank, or peer-reviewed institution. We cite the rule-makers, not secondhand blogs.
Found an error in a formula or source? Report it →
Calculations are for educational purposes only. Consult a qualified financial advisor for personalized advice.