Self-employed
Self-employment tax, quarterly estimated payments and 1099 vs W-2 take-home pay.
Calculators
Guides
1099 vs. W-2 Take-Home Pay: What's the Real Difference?
At equal gross income, a 1099 worker takes home less than a W-2 employee because they pay both halves of FICA. At $80k, the gap is roughly $3,900 per year.
Quarterly Estimated Taxes: Due Dates and Safe Harbor
Pay quarterly by April 15, June 15, September 15, January 15. Safe harbor: 90% of current-year tax or 100%/110% of last year's.
Self-Employment Tax Explained: Rates and How It Works
Self-employment tax is 15.3% on 92.35% of net earnings — covering both halves of Social Security and Medicare. Half of SE tax is deductible from income.