Paycheck Calculator
Calculate your take-home pay after federal taxes, state taxes, and deductions. Enter your gross salary or hourly wage to estimate your net paycheck.
Your gross salary and your take-home pay can differ significantly after federal income tax, state tax, Social Security (6.2%), Medicare (1.45%), and other deductions. This calculator estimates your net paycheck.
What gets deducted from your paycheck?
- Federal income tax: based on W-4 withholding and filing status
- Social Security: 6.2% on wages up to $168,600 (2024)
- Medicare: 1.45% (+ 0.9% Additional Medicare Tax on wages over $200,000)
- State income tax: varies by state (0% in FL, TX, WA, NV, etc.)
- Pre-tax deductions: 401(k), HSA, FSA, health insurance premiums
W-4 and withholding allowances
The W-4 form tells your employer how much to withhold. Too little withheld = tax bill in April. Too much = interest-free loan to the government. Use the IRS Tax Withholding Estimator to optimize your W-4 each year.