💰 Income, Salary & Tax Calculators
Calculate your take-home pay, convert between hourly and salary, estimate taxes, and plan your income. All tools are free and easy to use.
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All Income & Tax Calculators
Understanding Income & Taxes
📊 Gross vs. Net Pay
Gross pay is your total earnings before any deductions. Net pay (take-home) is what you actually receive after taxes, Social Security, Medicare, and other deductions. On average, expect 25-30% to be deducted from your gross pay.
💼 Salary Conversions
To convert annual salary to hourly: divide by 2,080 (40 hours × 52 weeks). For example, $60,000/year ÷ 2,080 = $28.85/hour. Remember this is gross pay before taxes and doesn't account for PTO or holidays.
📋 Tax Withholding
Your employer withholds federal income tax, Social Security (6.2%), and Medicare (1.45%) from each paycheck. The federal income tax amount depends on your income, filing status, and W-4 withholdings. Adjust your W-4 carefully to avoid owing or overpaying taxes.
💡 Pre-Tax Deductions
Contributions to 401(k), health insurance, HSA, and FSA are deducted before taxes, reducing your taxable income and saving you money. A $500 monthly 401(k) contribution can save you $150+ per month in taxes (at 30% tax rate).