Understand the result before you use it.

It estimates the annual take-home value of the W-2 salary and the current 1099 offer under the supported model, then shows which side is higher and calculates the contractor gross needed to reach the W-2 take-home target.

It is the lowest modeled annual 1099 gross that reaches approximately the same take-home as the W-2 side under the inputs you supplied. It is a financial reference point, not automatically the rate you should accept.

A fixed markup can be useful for a rough screen, but it ignores state tax, business expenses, self-funded health insurance and realistic billable hours. Analyze My Income calculates a scenario-specific break-even instead.

Different states, expenses, health-insurance costs and billable-hour assumptions can materially change the contractor gross needed to reach the same modeled take-home.

The simple comparison focuses on modeled take-home. The optional advanced comparison can add supported items such as bonus, employer health contribution, retirement match, unpaid time and a user-selected contract-risk margin.

No. The supported Schedule SE-style calculation is based on net earnings from self-employment after business expenses and uses the applicable Social Security and Medicare framework.

The set-aside estimate is based on the modeled taxes still to fund using your inputs. A universal percentage can be too high or too low depending on income, deductions, state tax and withholding.

Yes. The optional W-2 section allows supported wages and withholding to be included when estimating the broader tax picture.

Yes. The quarterly planner estimates a next federal payment under the supported 2026 planning model and can use prior-year tax and AGI for the general safe-harbor path.

No. It does not reproduce every Form 2210 exception or every annualized-income scenario. Uneven income and special taxpayer situations can require a different calculation.

The current production model is built for tax year 2026.

The production state layer contains all 50 states for the supported resident individual-income-tax comparison. Local city, county and other special taxes are not generally part of the standard result.

Federal parameters are checked against IRS and Social Security Administration material. State parameters are checked against official state tax authorities, forms, instructions, statutes or other authoritative state publications. The methodology page documents the source hierarchy and supported formulas.

No. A filed return can include credits, itemized deductions, spouse income, investment income, multiple businesses, retirement contributions, local taxes, entity elections and other facts outside the standard model.

No. Analyze My Income provides planning estimates and educational information. It does not provide individualized professional advice or determine whether a worker is legally an employee or independent contractor.

It was created around a practical compensation question: how much should a 1099 opportunity pay to be financially comparable to a W-2 job? The project avoids treating gross salary and contractor revenue as directly equivalent.

It is designed for U.S. professionals, freelancers and independent contractors comparing employment offers, converting a salary to a contractor rate or planning self-employment taxes.

The current calculators are free to use and do not require an account to run the standard tools.

No. The project does not claim professional review, certification or endorsement unless such a relationship can be specifically identified and verified. The public methodology focuses on sources, formulas, assumptions and test coverage.