💰Paycheck Calculator

How the Paycheck Calculator Works

This free paycheck calculator estimates your net take-home pay after federal income tax, state income tax, Social Security, and Medicare withholding. Enter your annual gross salary, select your state and filing status, and instantly see how much lands in your bank account each pay period.

What Taxes Are Deducted From Your Paycheck?

Every US paycheck has mandatory deductions: federal income tax (based on IRS tax brackets and your filing status), state income tax (which varies widely — nine states charge none at all), Social Security tax at 6.2% up to the wage base limit, and Medicare tax at 1.45% with an additional 0.9% surtax on earnings above $200,000. Pre-tax deductions like 401(k) contributions reduce your taxable income before these calculations apply.

Why Understanding Your Take-Home Pay Matters

Knowing your actual take-home pay is essential for accurate budgeting, comparing job offers across different states, negotiating salary, and planning major financial decisions like buying a home or starting a savings plan. A higher gross salary doesn't always mean more money in your pocket — state taxes can make a significant difference.