how to know amount of tax to take out on 1099
Since your employer doesnât take out taxes from your paycheck, it sounds like you are a 1099 employee. If you are a 1099 employee (a contract worker) instead of a W-2 employee, you will have to pay the self-employment tax, which is 15.2% of your income.hether âNon-W2 Employedâ means you get a 1099 form for independent contractor work or you donât get any kind of form because youâre self-employed, you still have to worry about taxes. Because you donât have an employer taking taxes out for you, you have to figure out how to pay them yourself.