🔨Contractor

Contractor Paycheck Calculator

See your 1099 take-home after self-employment tax and business deductions. Compare what you'd earn as W-2 vs independent contractor.

15.3% SE tax Business deductions Quarterly estimates 1099 vs W-2 compare
Your income & deductions
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$
Tools, vehicle, home office, insurance
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Self-employed health ins. is deductible
$
2026 SEP-IRA limit: 25% of net or $70K
Annual take-home pay
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Quarterly est. tax
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Total taxes
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Effective rate
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Income & deduction breakdown
Tax breakdown
⚠️ Quarterly estimated taxes due: Apr 15 · Jun 16 · Sep 15 · Jan 15
Miss a deadline and you may owe an underpayment penalty. Pay at IRS.gov/payments using Direct Pay.
💡 Contractor deduction checklist
  • Home office: Dedicated space = deductible (simplified: $5/sq ft up to 300 sq ft).
  • Vehicle: Business miles at $0.70/mile (2026 IRS rate) or actual expenses.
  • Tools & equipment: Section 179 allows full first-year deduction.
  • SE tax deduction: Half of your self-employment tax is deductible from income — already factored in above.
  • QBI deduction: Most contractors can deduct up to 20% of net business income (income limits apply).
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