Paycheck Calculator
Estimate your take-home pay after federal taxes, state taxes, Social Security, Medicare, 401(k) contributions, and health insurance deductions.
United States Only
This calculator uses 2024 US federal tax brackets, Social Security (6.2%), and Medicare (1.45%) rates. Results are estimates and may not reflect your exact tax situation. Consult a tax professional for precise figures.
Net take-home pay per check after federal taxes, state taxes, and pre-tax deductions.
Paycheck Itemized Breakdown
Analytical Logic
Understanding Your Paycheck
Your gross salary and your take-home pay can differ significantly. Federal and state income taxes, FICA contributions, retirement savings, and insurance premiums all reduce your net pay.
Common Paycheck Deductions
- Federal Income Tax: Progressive tax based on your taxable income and filing status. Rates range from 10% to 37%.
- State Income Tax: Varies by state - from 0% (Texas, Florida) to over 13% (California). Some states use flat rates, others use progressive brackets.
- Social Security: 6.2% on income up to the wage base ($168,600 in 2024).
- Medicare: 1.45% on all income. Additional 0.9% on income over $200,000 for single filers.
- 401(k) / Retirement: Pre-tax contributions to employer-sponsored retirement plans.
- Health Insurance: Employee share of health, dental, and vision premiums.
FAQ
Learn & Understand
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The calculations, amortization schedules, and financial estimates provided by this tool are strictly for informational and educational purposes. They do not constitute formal investment, tax, legal, or accounting advice. Mortgage rates, loan terms, and tax brackets change frequently; always consult a certified financial planner (CFP), CPA, or licensed lending officer before making major financial commitments.