How it works
Each scenario stands alone: the contractor calculation does not assume simultaneous W-2 earnings. Benefits are an entered economic value, not spendable cash. Income taxes are excluded. Worker classification follows applicable law and circumstances; it is not a tax preference you can freely choose.
Example
Compare $60,000 employee wages plus benefits against a contractor offer after business expenses and SE taxes, using your own benefits valuation.
Questions about this tool
Can this decide whether I should be a contractor?
No. It compares entered financial scenarios only. Worker classification follows applicable law and the working relationship, not whichever calculation is preferable.
Are these results independently verified?
No. Results and documents use the information you enter. Review the inputs and keep the underlying records.
Methodology sources
Tax year 2026. Sources reviewed September 19, 2026.