alt Hacker NewsSelf-employment is more expensive than you think. On the positive side, generous IRA limits. In the negative side, health insurance costs. In my experience, that’s what gets ya. Tax differences are fairly minor and not enough to cover the gap.
Self-employment is more expensive than you think. On the positive side, generous IRA limits. In the negative side, health insurance costs. In my experience, that’s what gets ya. Tax differences are fairly minor and not enough to cover the gap.
Really? It's been a few years since I was a 1099 contractor but it was pretty good. Write-offs for new computers and equipment, for the home office, for 10% of all utilities... Mileage... Did all that go away?