Interactive Tool
1099 vs W2 Calculator
Enter your numbers and see the real comparison — factoring in self-employment tax, health insurance, retirement contributions, S-Corp savings, and unpaid time off. No more guessing.
W2 Employee
Typical 3-6% of salary
What employer pays toward your health plan
1099 Independent
ACA family plan: $20K-$30K/yr
Occurrence policy: $4K-$8K/yr
Own-occupation: $3K-$5K/yr
CPA, payroll, software, licenses
Lost revenue: $23,077
S-Corp Election
Reduces self-employment tax significantly
Must be reasonable for CRNA work (~$120K-$150K)
Results
Bottom Line
W2 wins by $41,567/year
Break-even 1099 rate
$345,031
| Line Item | W2 | 1099 |
|---|---|---|
| Gross Income | $260,000 | $300,000 |
| Self-Employment Tax | employer pays | -$19,890 |
| S-Corp Savings | n/a | +$8,390 |
| Health Insurance | employer paid | -$24,000 |
| Malpractice | employer paid | -$6,000 |
| Disability | often included | -$3,600 |
| Unpaid PTO (4 weeks) | paid time off | -$23,077 |
| Business Expenses | n/a | -$5,000 |
| QBI Deduction (tax savings)(20% QBI × ~28% effective rate) | n/a | +$14,638 |
| Effective Take-Home | $260,000 | $218,433 |
Annual Difference
-$41,567
S-Corp Tax Savings
$8,390
Total 1099 Costs
$81,567
Advanced S-Corp modeling with state tax breakdown
Pro+ members get full state-by-state tax analysis, retirement contribution optimization, and downloadable comparison reports.
Want the full breakdown?
Our 1099 vs W2 guide covers S-Corp strategy, benefits replacement, and a step-by-step transition checklist.
This calculator provides estimates for educational purposes only and should not be considered tax or financial advice. Actual results will vary based on state taxes, filing status, deductions, and individual circumstances. Consult a CPA experienced with CRNA finances before making employment decisions.