W-2 vs 1099 Physician Calculator
Compare a W-2 physician job with a 1099 independent contractor job by looking at hourly rate, shifts, benefits, retirement match, business expenses, and tax reserve planning.
How this calculator thinks about W-2 vs 1099
Total package matters
A W-2 job may include benefits, retirement match, employer payroll tax support, paid time off, and more predictable administration.
Higher rate is not the whole story
A 1099 rate may look higher, but you need to account for taxes, benefits, business expenses, retirement planning, and administrative work.
Find your required 1099 rate
The break-even estimate shows the 1099 hourly rate that may be needed to roughly match the W-2 total package after tax reserve and expenses.
Important note
This calculator is for educational organization only. It is not tax, legal, accounting, or financial advice. Actual W-2 vs 1099 comparison depends on your state, filing status, deductions, entity setup, retirement plan, insurance costs, payroll setup, malpractice coverage, and contract terms. Use this to organize your questions before speaking with your CPA, attorney, or financial professional.
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