1099 vs W-2 · Virginia

1099 vs W-2 Calculator Virginia — $100K Salary

Compare take-home pay for a $100K salary in Virginia after federal income tax, state tax, self-employment tax, and the QBI deduction. Find your breakeven 1099 hourly rate.

Compare Your Offers

$
$/hr

Default: 40 hrs/week

Default: 52 weeks/year

Breakeven Hourly Rate

The minimum 1099 rate to match your W-2 offer

$49.20/hr

Side-by-Side Comparison

1099 pays more

Difference: $20,948.73 per year

W-2

$73,746.62

1099

$94,695.35

Tax Breakdown

Gross Income
W-2$100,000.00
1099$135,200.00
Federal Income Tax
W-2$13,614.00
1099$14,388.12
FICA / Self-Employment Tax
W-2$7,650.00
1099$19,103.15
Virginia State Tax
W-2$4,989.38
1099$7,013.38
QBI Deduction
W-2N/A
1099-$22,129.68
Total Tax
W-2$26,253.38
1099$40,504.65
After-Tax Income
W-2$73,746.62
1099$94,695.35

Qualified Business Income (QBI) deduction: up to 20% of 1099 net business income — a tax advantage unique to independent contractors.

$100K Salary in Virginia — Pre-computed Comparison

W-2 gross income: $100000.00

W-2 after-tax income: $73746.62

W-2 total tax: $26253.38

W-2 effective tax rate: 26.0%

W-2 federal tax: $13614.00 (13.6% effective)

W-2 state tax (Virginia): $4989.38

1099 gross income: $135200.00

1099 after-tax income: $94695.35

1099 total tax: $40504.65

1099 effective tax rate: 30.0%

1099 self-employment tax: $19103.15

QBI deduction: $22129.68

Breakeven hourly rate: $49.20

Conclusion: 1099 is better by $20948.73