10/06/2026
Have you ever wondered why some people receive a W-2 while others receive a 1099?
The answer usually comes down to how you earned your income.
A W-2 is generally issued when you're an employee. It reports your wages and taxes withheld from your paycheck.
A 1099 may be issued for income earned outside traditional employment—such as freelance work, contract work, investments, or certain other payments.
Why does the difference matter?
Because the type of income you receive can affect:
✔️ How you report your income
✔️ What deductions may be available
✔️ Whether self-employment tax may apply
✔️ How much you may need to set aside for taxes
And if you have both a W-2 job AND a side hustle, you may have both types of income to report.
Different forms. Different rules. Same goal: maximizing your money while staying compliant.
Don't wait until tax season to figure it out.
JKS Tax Services is here to help you understand your numbers and prepare with confidence.
