Take Home Pay Calculator
Calculate your actual take-home pay after federal taxes, state taxes, Social Security, Medicare, and other deductions. See exactly what will be in your paycheck.
Enter Your Income Details
Understanding Your Paycheck
Types of Paycheck Deductions
Federal Income Tax
Based on your income and filing status using IRS tax brackets. Ranges from 10% to 37%. Withheld from each paycheck and sent to the IRS.
State Income Tax
Varies by state. Nine states have no income tax (Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, Wyoming). Rates range from 1% to 13%.
FICA Taxes (7.65%)
Social Security (6.2%): Funds Social Security benefits. Capped at first $160,200 of income (2024).
Medicare (1.45%): Funds Medicare. No income cap. Additional 0.9% on income over $200,000 (single) or $250,000 (married).
Pre-Tax Deductions
Reduce your taxable income, lowering your tax bill. Include 401(k), health insurance, HSA, FSA, and commuter benefits. These are deducted before taxes are calculated.
How to Maximize Take-Home Pay
- Adjust W-4 withholdings - But be careful not to owe taxes at year-end
- Maximize pre-tax deductions - 401(k), HSA, FSA save you taxes now
- Use employer benefits - Many are pre-tax and valuable
- Contribute to HSA - Triple tax advantage if eligible
- Review annually - Life changes affect optimal withholdings
Pay Frequency Impact
Your pay frequency doesn't change your annual take-home pay, but it affects cash flow:
- Weekly (52): Smaller paychecks, better cash flow management
- Bi-Weekly (26): Most common, 2 "extra" paychecks some months
- Semi-Monthly (24): Consistent 2x per month on set dates
- Monthly (12): Larger paychecks, requires more budgeting discipline
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Frequently Asked Questions
What is take-home pay?
Take-home pay (net pay) is your gross salary minus all taxes and deductions. It's the actual amount deposited into your bank account. Deductions include federal tax, state tax, Social Security, Medicare, 401(k) contributions, health insurance, and other benefits.
How much of my paycheck goes to taxes?
On average, 25-30% of your paycheck goes to taxes and Social Security/Medicare. The exact amount depends on your income, filing status, state, and deductions. High earners may pay 35-40%, while lower earners might pay 15-20%.
What are pre-tax deductions?
Pre-tax deductions reduce your taxable income, lowering your tax bill. Common examples include 401(k) contributions, health insurance premiums, HSA contributions, and FSA contributions. For example, a $500 401(k) contribution saves you about $150 in taxes (at 30% rate).
What is the difference between gross and net pay?
Gross pay is your total salary before any deductions. Net pay (take-home) is what you receive after taxes and other deductions. For example, $75,000 gross might become $52,000 net after ~30% in taxes and deductions.
How can I increase my take-home pay?
You can increase take-home pay by: adjusting W-4 withholdings (be careful of owing taxes), maximizing pre-tax deductions (401k, HSA, FSA), negotiating a salary increase, taking advantage of employer benefits, or moving to a state with lower taxes. Always consult a tax professional.
Financial Disclaimer
This calculator is provided for educational and informational purposes only. The results are estimates based on the information you provide and should not be considered as financial, legal, or tax advice.
Actual results may vary based on your specific circumstances, market conditions, and other factors. Always consult with qualified financial, legal, and tax professionals before making any financial decisions.
We make no guarantees about the accuracy, completeness, or reliability of the calculations. Use this tool at your own risk.