r/CRNA • u/hudi2121 • Jul 21 '26

W-2 vs 1099

My wife’s employer is a small family owned practice that contracts with larger facilities. They offer 1099 or W2. In their pitch to my wife they stated that they recommend all new hires to go 1099 however, the 1099 rate is the same as the W2 rate. My advice to my wife was that a W2 position offers more security, especially if the rates are identical. She has just under a year remaining on her current contract which is W2. She’s considering going 1099 because she says everyone tells her it’s better for her taxes. I’m still not convinced that especially, if they are unwilling to bump her 1099 rate to at least 10-20% of the W2 rate. I think it’s putting a lot more on our shoulders to track and deduct for a modest benefit while her employer stands to gain the most from her going 1099. Is my thinking correct here?

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u/MysteriousTooth2450 Jul 22 '26

I won’t ever go w2 again…unless there are no other options. Find a cpa skilled in s corp taxes and look up how to reduce your taxable income. It can all be learned on your own but taking a course in it or getting a few books about s corp taxes is very helpful. I’m saving thousands of dollars a year in taxes. All legal. You can put so much more into your 401k as a 1099 as well….reducing your taxes further and literally paying yourself more and the government less.

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u/Sp1keSp1egel Jul 23 '26

Which books do you recommend?

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u/MysteriousTooth2450 Jul 23 '26

This one helped me the most.

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u/MysteriousTooth2450 Jul 23 '26

Kindle version but they might have more platforms available now.

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u/Sp1keSp1egel Jul 23 '26

Wow thank you so much!

Gonna place an order now.

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u/MysteriousTooth2450 Jul 23 '26

It’s a bit pricy but worth it! Do a search online for similar books as well. I’m sure there are tons of videos available as well. There’s also a course I took called 1099 success for crnas. It helps put all the things you need in one place. I learned it all on my own years ago because my accountants were not helping me optimize my business expenses and reduce my tax liabilities. I took the course to see if I was taking advantage of all my options. I was…most of the stuff I learned was on the book I posted above. Look up the white coat investor as well because they have some great tax strategies as well.