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For US contractors there is a difference between regular employees of a company, and the independent employees working as a 1099 contractor for the same company. It sounds like you are trying to figure out the tax rules for each type of employee, so hiring an accountant is the best way to get some “education”.
Also remember that there may be other impacts from working as a 1099 employee. Your employer might be using that venue to get around internal hiring freezes or personnel caps, or to avoid leasing space for full employees. This might affect their readiness to renew a contract or accommodate special work conditions. For example if you decide you want to work 10 hours/day for 4 days a week and that does not fit well with the business requirement. they might find it easier to find a contractor who works a standard 5 day schedule. You have no promises or employee rights other than what is in your contract.
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