1099 vs W-2 · Virginia

1099 vs W-2 Calculator Virginia — $75K Salary

Compare take-home pay for a $75K 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

$37.25/hr

Side-by-Side Comparison

1099 pays more

Difference: $37,098.73 per year

W-2

$57,596.62

1099

$94,695.35

Tax Breakdown

Gross Income
W-2$75,000.00
1099$135,200.00
Federal Income Tax
W-2$8,114.00
1099$14,388.12
FICA / Self-Employment Tax
W-2$5,737.50
1099$19,103.15
Virginia State Tax
W-2$3,551.88
1099$7,013.38
QBI Deduction
W-2N/A
1099-$22,129.68
Total Tax
W-2$17,403.38
1099$40,504.65
After-Tax Income
W-2$57,596.62
1099$94,695.35

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

$75K Salary in Virginia — Pre-computed Comparison

W-2 gross income: $75000.00

W-2 after-tax income: $57596.62

W-2 total tax: $17403.38

W-2 effective tax rate: 23.0%

W-2 federal tax: $8114.00 (10.8% effective)

W-2 state tax (Virginia): $3551.88

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: $37.25

Conclusion: 1099 is better by $37098.73