Hi! I just got my first freelance project, and they’re asking if I can go through W2 instead of 1099. Does anyone know the difference and what’s usually best? Also curious how I should handle it. Thank you!

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I prefer W2 because they take out the taxes in advance so I don’t need to make a pre payment to govt quarterly

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Thanks so much for your reply that’s what I will tell them then 🫶

It can affect what and how you claim on your taxes, too, in terms of what can be expensed. Worth talking to a tax person to see what might be best in your favor.

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Thank you so much for your response yeah I think you can write off a few items to get less tax deduction 🙏🏻

1099

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