Freelancer Taxes in Illinois: 1099 vs W2
Compare 1099 vs W2 taxes in Illinois at every income level. See self-employment tax, take-home pay, and the freelance rate you’d need to charge.
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Deductible expenses reduce your taxable income
Freelancers pay $3,432 more in taxes
That’s $286/month less in your pocket
| Category | W2 Employee | 1099 Freelancer |
|---|---|---|
| Gross Income | $75,000 | $75,000 |
| Social Security | -$4,650 | -$8,589 |
| Medicare | -$1,088 | -$2,009 |
| Federal Income Tax | -$8,114 | -$6,948 |
| Illinois Tax | -$3,713 | -$3,450 |
| Total Tax | -$17,564 | -$20,996 |
| Take-Home Pay | $57,436 | $54,004 |
| Effective Rate | 23.4% | 28.0% |
To match your W2 take-home of $57,436
You’d need to charge $81,000/year as a freelancer
That’s about $39/hour (40 hrs/week)
1099 vs W2 at Every Income Level
| Income | W2 Take-Home | 1099 Take-Home | Extra Tax |
|---|---|---|---|
| $25,000 | $20,850 | $19,494 | +$1,356 |
| $30,000 | $24,659 | $23,074 | +$1,585 |
| $35,000 | $28,429 | $26,580 | +$1,849 |
| $40,000 | $32,199 | $30,086 | +$2,113 |
| $45,000 | $35,969 | $33,592 | +$2,377 |
| $50,000 | $39,739 | $37,097 | +$2,641 |
| $55,000 | $43,509 | $40,603 | +$2,905 |
| $60,000 | $47,279 | $44,109 | +$3,169 |
| $65,000 | $50,896 | $47,615 | +$3,281 |
| $70,000 | $54,166 | $50,963 | +$3,203 |
| $75,000 | $57,436 | $54,004 | +$3,432 |
| $80,000 | $60,706 | $57,046 | +$3,660 |
| $90,000 | $67,246 | $63,128 | +$4,118 |
| $100,000 | $73,786 | $69,210 | +$4,576 |
| $110,000 | $80,326 | $75,293 | +$5,033 |
| $120,000 | $86,833 | $81,375 | +$5,458 |
| $150,000 | $105,853 | $99,202 | +$6,651 |
| $175,000 | $121,703 | $113,943 | +$7,760 |
| $200,000 | $139,035 | $129,596 | +$9,438 |
| $250,000 | $170,369 | $161,875 | +$8,494 |
Single filer, no business expenses, 2025 tax brackets.
Compare Other States
Illinois Salary Calculator
See W2 salary breakdowns for all income levels in Illinois