Is it better to be a W2 or 1099 employee?

Is it better to be a W2 or 1099 employee?

1099 contractors have a lot more freedom than their W2 peers, and thanks to a 2017 corporate tax bill, they are allowed significant additional tax deductions from what is called a 20% pass-through deduction. However, they often receive fewer benefits and have far more tenuous employment status with their organization.