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Take-Home Calculator

What does a locum offer really pay?

Estimate your annual take-home after self-employment tax, federal tax, and state tax. 1099 vs W2 side by side.

Inputs

Tax year 2025, single filer

Specialty (optional)

State

Hourly rate

$

Hours / week

Weeks / year

Employment

Enter a hourly rate and select a state to see your take-home.

How this is calculated

Self-employment tax (1099): 15.3% on net earnings up to the Social Security wage base ($176,100 in 2025), then 2.9% above. Half of SE tax is deductible from federal AGI.
W2 employee FICA: 7.65% paycheck withholding (6.2% Social Security up to the wage base + 1.45% Medicare).
Federal income tax: 2025 single-filer brackets, applied after standard deduction ($15,000).
State income tax: top marginal rate from Tax Foundation 2025 data. Applied to taxable income — accurate for high earners who reach the top bracket, slightly overstated for lower incomes.
Not included: health insurance, retirement contributions (401k, SEP-IRA), QBI deduction, local/city taxes, malpractice tail.

Estimates only. Not tax advice. Consult a CPA for your specific situation.