Are there any 1099 company drivers here?

Well, thats a start...

As a W2 employee, they also HAVE to pay you medical insurance (maybe not 100% but most pay 50-75%). Depending on your situation that is another 6k to 18k a year depending on where you get the insurance through, how many dependents, ect. Not counting dental, life, eye glasses...

Then there is vacation pay that you arent getting.

PTO.

Per diem.

There is a lot more.You are probably making .55 a mile when you boil all this down.

Then there is the real pay. Im guessing you get paid for loaded book miles. There are companies that pay practical miles, there are companies that pay ALL miles. There are companies that pay ALL PRACTICAL miles....

Layover pay when they cant get you loads. Detention pay. Ect, so on and so forth. the list is endless.

And I was making .71 a mile 10 years ago at Estes (and they got 2 yards in so Chicago). No idea what they pay now. Trust me, you are NOT getting a bargin...

As @FullMetalJacket said, you need to be talking to a tax accountant.

 

"As a W2 employee, they also HAVE to pay you medical insurance " ... if they have more than 50 employees

 

True. Ive been in this business over 40 years. Worked for over 30 different outfits before I bought my own truck. Even the small "mom and pop" outfits Ive worked for have more than 50 employees... Never worked for one that didnt. I suspect even these eastern European 1099s out of Chicago between drivers, mechanics, and office staff have >49 people. An assumption on my part.

 

When i was 1099 i deducted way more than the standard. #### per diem nearly beat the standard since i was on the road all the time.

 

If you are 1099 you claim per diem at the end of the year like we all use to.

 

Thats why I have a tax guy. They handle that

 

Companies can do per diem with W2 employees to lower the taxable income. 1099 can deduct the meal allowance for days on the road. 2 different things.