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Calculate your take-home pay after federal and state income taxes, Social Security, and Medicare. Supports all filing statuses and includes pre-tax deductions like 401(k) and health insurance.
The Paycheck Tax Calculator estimates your take-home pay after federal and state income taxes, Social Security, and Medicare. Enter your gross pay and filing details to see a detailed breakdown of all withholdings.
Gross pay is your total earnings before any deductions. Net pay (take-home pay) is what hits your bank account after federal income tax withholding, state income tax, Social Security (6.2%), Medicare (1.45%), and any voluntary deductions like 401(k) contributions, health insurance premiums, and other benefits.
Pre-tax deductions - like 401(k) contributions and employer-sponsored health insurance premiums - are subtracted from your gross pay before taxes are calculated. A $500 monthly 401(k) contribution does not reduce your take-home by $500; it reduces it by roughly $500 minus the taxes you would have paid on that $500. The actual cost to you is lower than the contribution amount.
Federal income tax is progressive, so higher income pushes more of your earnings into higher brackets. A raise can increase your marginal withholding rate even if your effective rate increases only slightly. Adjusting your W-4 allowances or additional withholding amount gives you control over how much is withheld each paycheck.
FICA (Federal Insurance Contributions Act) covers Social Security (6.2% on wages up to $168,600 in 2024) and Medicare (1.45% on all wages). Most employees pay both. An additional 0.9% Medicare surtax applies on wages over $200,000 for single filers. Self-employed individuals pay double (15.3%) since there is no employer share.
This calculator applies each state's standard withholding formula based on filing status and income. Actual withholding may differ slightly based on additional W-4 adjustments, local city taxes (not included), or state-specific credits. For precise payroll withholding, check your state's tax agency publication or consult your payroll department.
Have more questions? These calculators provide estimates for educational purposes only. For personalized financial advice, consult with a qualified financial professional. See our disclaimer for more information.