What is the difference between W2 and 1099?

TaxWarren TeamPublished April 25, 2026

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).

W-2 vs 1099 tax differences.

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