Expert review required
Staged pending CPA reviewW-2 vs 1099 Physician Take-Home Calculator
Compare employed, contractor, and hybrid physician income after user-entered effective tax rates, expenses, benefits, and self-employment tax.
Direct answer: A fair W-2 versus 1099 comparison includes benefits, business expenses, unpaid time, and self-employment tax—not just gross compensation. This model uses your effective tax assumptions and shows every formula.
Step 1 of 3
About 2 minutes
How this calculator works
- 1. W-2 spendable value subtracts the user-entered income-tax estimate and employee payroll tax, then adds employer benefits.
- 2. 1099 spendable value subtracts expenses, estimated self-employment tax, income tax, and replacement benefits; the hybrid adds after-tax locum profit to W-2 value.
- 3. The Social Security portion is capped using the 2026 wage base and reduced by W-2 wages entered.
Sources and version
Every result includes its evidence version. Official sources outrank secondary summaries, and user-entered scenario assumptions remain visibly separate from published facts.
- Internal Revenue Service: Publication 505: Tax Withholding and Estimated Tax
Self-employment and estimated-tax framework; user-entered effective rates remain estimates.
Effective 2026-01-01 · Retrieved 2026-07-21 · Version irs-pub505-2026
Limitations
- • Simplified estimate only; no AMT, QBI, credits, spouse income, or detailed state rules.
- • Worker classification is a legal determination.
- • Use a CPA for decisions and quarterly payments.
Frequently asked questions
- Is the higher gross option always better?
- No. Benefits, expenses, taxes, risk, and unpaid administrative time can change the comparison.
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W-2 vs 1099 Physician Take-Home Calculator A fair W-2 versus 1099 comparison includes benefits, business expenses, unpaid time, and self-employment tax—not just gross compensation. This model uses your e https://www.locumcareerhub.com/tools/w2-vs-1099-physician
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Thought of you — A fair W-2 versus 1099 comparison includes benefits, business expenses, unpaid time, and self-employment tax—not just gross compensation. This model uses your e https://www.locumcareerhub.com/share/r?k=guide&t=W-2+vs+1099+Physician+Take-Home+Calculator&s=Cardiology+guide&d=A+fair+W-2+versus+1099+comparison+includes+benefits%2C+business+expenses%2C+unpaid+time%2C+and+self-employment+tax%E2%80%94not+just+gr&p=%2Ftools%2Fw2-vs-1099-physician
Creator / ACC / fellowship DM
Hi — sharing a cardiologist-focused locums resource that may help your audience: W-2 vs 1099 Physician Take-Home Calculator. https://www.locumcareerhub.com/tools/w2-vs-1099-physician