Lost my previous job and jobless. Fortunately been able to land several interviews and currently have 5 open processes.

One of which sounds lovely and related to the music PR industry. I love everything about it so far, but it's a 1099 gig. They're aiming to eventually move to W2, but not for a bit. If I go down this route, what do I need to know? How does 1099 work compared to W2 tax wise?

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Posting as :
works at
You are currently posting as works at

You’ll need to make quarterly estimated payments throughout the year and pay for your own health insurance.

You will have to pay the entire portion of FICA (Social Security and Medicare), so 15.3% vs the 7.65% you would pay as a W2 employee. Then as the previous comment noted, you have to pay estimated federal and state taxes quarterly.

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