- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self employed
Not going to tell you which to choose if you have the choice--but be aware that for 2018 tax returns and onward, as a W-2 employee you cannot deduct job-related expenses on your federal tax return. The new tax law changed that. So--if you get a W-2--no home office, no mileage, etc.
If you are self-employed, you pay self-employment tax of 15.3% for Social Security and Medicare, as well as ordinary income tax. You could enter business expenses on a Schedule C.
https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax
https://ttlc.intuit.com/questions/2893577-does-a-1099-misc-mean-i-m-self-employed
https://ttlc.intuit.com/questions/2903027-how-do-i-report-income-from-self-employment
https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct
You will need to do some math and decide.