What is the difference between W2 and 1099?
Quick Answer
W-2 is issued to employees — the employer withholds taxes and provides benefits. 1099-NEC is issued to independent contractors — no withholding, no benefits, and you pay both halves of FICA (15.3% self-employment tax).
Warren Team
Updated March 8, 2026
36
Warren Team
Updated March 8, 2026
36
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