By shifting your a W2 to a 1099, your employer wants to convert you from an employee to an independent contractor.
An independent contractor is considered a self-employed and is responsible for paying their own taxes. You can also claim some qualified expenses incurred in the production of income that you would normally not qualify to deduct as an employee.
Here are some resources that you may find useful:
https://turbotax.intuit.com/tax-tips/self-employment-taxes/top-tax-write-offs-for-the-self-employed/...
https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center#o...
https://ttlc.intuit.com/community/self-employed/help/am-i-an-employee-or-an-independent-contractor/0...
https://ttlc.intuit.com/community/self-employed/help/what-s-different-now-that-i-m-self-employed/00/...
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
