W-2 Job Offer
Gross$85000
FICA (employee)−$6503
Federal tax−$9110
State tax$0
Benefits value$19373
Total value$88760
1099 Contract Offer
Gross$110000
SE tax (15.3%)−$15543
Federal income tax−$14331
State income tax$0
Self health insurance−$8400
Take-home$71726
🎯 Recommendation
1099 is worth at least
$136123
to match W-2 total comp
Difference
W-2 wins by $17034
Winner
W-2
in total compensation
💡 W-2 includes employer-paid FICA, benefits, and time off. 1099 must cover these out-of-pocket. In TX/FL/WA (no state tax), 1099 advantage grows; in CA/NY, 1099 disadvantage grows.
Data Source & Legal Disclaimer
Effective: 2026 tax year (IRS Rev. Proc. 2025-XX)
Last updated: 7 months ago
Update frequency: Annual
Sources: IRS Revenue Procedure (annual inflation adjustments) · IRS.gov — Tax Brackets & Rates · State tax rates: respective state Department of Revenue websites
Tax brackets, standard deductions, and SS wage base are based on IRS inflation-adjusted figures for the 2026 tax year. State income tax rates are simplified (flat/representative rates). This calculator is for estimation only — consult a tax professional for filing.