Enter your annual W2 salary, expenses, and effective tax rate into the calculator to determine your 1099 equivalent income.
1099 Conversion Calculation Formula
The following formula is used to calculate your 1099 equivalent income from your W2 salary.
1099 Equivalent Income = (W2 Salary + Expenses) / (1 - Tax Rate / 100)
Variables:
- 1099 Equivalent Income is the income you would need to earn as a contractor to match your W2 salary after expenses and taxes ($)
- W2 Salary is your annual salary as