Estimate take‑home for W‑2 employees or 1099 contractors using 2026 rules. Switch employment type, enter pay and deductions, and see per‑period and annualized results. Estimator • Not tax advice
Inputs
Salaried
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W‑2: Uses 2026 standard deduction & brackets; employee FICA only.
1099: Computes self‑employment (SE) tax and applies the half‑SE tax deduction before federal tax; supports business expenses.
OBBBA (2025–2028): Tip income and FLSA overtime premium deductions reduce FIT only; phase out $1‑for‑$1 above $150k MAGI ($300k MFJ).
Summary
Annualized View
Assumptions
Educational estimator; not tax advice.
W‑2: 2026 brackets & standard deduction (Rev. Proc. 2025-32); FICA: 6.2% SS (to $184,500) + 1.45% Medicare + 0.9% Addl Medicare over thresholds.
1099: Net earnings = 92.35% of net profit for SE tax; SE tax = 12.4% SS (to wage base) + 2.9% Medicare (+0.9% over threshold). Half of SE tax reduces income for federal tax.
OBBBA (2025–2028): Qualified tip income deductible up to $25,000/yr; FLSA overtime premium deductible up to $12,500/yr ($25,000 MFJ). Both reduce FIT only (not FICA) and phase out $1-for-$1 above $150,000 MAGI ($300,000 MFJ). MAGI approximated as annual gross/net profit.
State input is a simple estimate; real state/local rules vary.