W-2 (Employee) Taxes are already taken out of your paycheck (federal, state, Social Security, Medicare) Your employer pays half of your Social Security & Medicare You just file and either get a refund or owe a small amount Fewer write-offs 1099 (Independent Contractor / Self-Employed) No taxes taken out upfront 😬 YOU pay all of Social Security & Medicare (self-employment tax) You may need to make quarterly tax payments You can deduct business expenses (gas, phone, supplies, mileage, etc.) Highe
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W2 Employees: Are You Tired of Overpaying on Taxes Every Year? You work hard for your money, but when tax season rolls around, it feels like Uncle Sam is taking more than his fair share, doesn’t it? The frustrating part? Your CPA might not be doing enough to actually help you keep more of your income. Let’s face it—many W2 employees are overpaying on taxes year after year because they aren’t using the right strategies. Your CPA might file your taxes, but are they actively working to minimize you
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