If you are incurring $1,500 per month that you think the company contracting you should expense, presumably you are already capable of deducting those expenses and simply haven't been. The company contracting you already expenses everything it pays you.
A 1099 contractor means you're a business. You are specifically not an employee. There are specific benefits to companies to only have contractors. Some states, generally those with state income taxes and state welfare programs like California, are very pushy with businesses to ensure that employees are employees and contractors are actually not employees.
When many people are making the decision or weighing the pros and cons of W2 versus 1099 it typically only includes the costs related to employer paid tax sharing, typically you'll read about these as "self employment taxes" but it's just the employer portion of things like your social security tax. Social security REALLY costs 12.4% not the 6.2% W2 employees see on their pay stub, because many W2 employees don't realize their employer is paying the other 6.2%.
Apart from these specific tax considerations, full time employees (particularly white collar employees) at fortune 500 companies are generally provided with a number of benefits like paid sick time, paid family leave, minimum wage, hours limitations, overtime, and the various employer benefits like medical, dental, vision, group life and group disability insurance. All of these things have a cost to the employer.
So, to your numbers, you are not receiving $60k per year of salary. 1099 salary doesn't exist. Your business, of which you are the sole proprietor and only employee, receives $60k of revenue. Your business then spends its revenue on relevant expenses to remain in business, one of which is your salary. Your business can deduct expenses related to your pursuit of that business. Your medical insurance, your cell phone, your computer(s), your home office, your home internet connection, your car lease, car maintenance, car insurance, etc are all to some extent expenses your business has incurred. Be mindful that these expenses need to be prorated based on their use by the business. Obviously your home internet connection also serves up netflix which isn't a business expense and you don't only use your car to meet with clients.
Be mindful that a company paying someone $60,000 salary via W2 is spending probably on the order of $90,000 to employ that person. A company paying a contractor $60,000 as a contractor, is spending $60,000.
I am sure if you sit with a local accountant not anything major, even someone at HR block, or even a friend of yours from college who got a degree in finance or accounting, can really change your tax situation.