Is 1099 income taxed higher then W2 income?

[MichaelL1 · Accepted solution]

The 1099 income is taxed at whatever tax rate you are in, just like a W-2, however, if the 1099Misc is over $400 and you don't have expenses to offset it, then Self Employment tax can also be applied to it, which is another 15.3% and this can materially impact your taxes depending on the amount of the 1099Misc.