Paycheck Calculator

Estimate your take-home pay after taxes and deductions.

Gross Pay

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Total Deductions

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Take-Home Pay

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Annual Take-Home

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Income

Location

Pre-Tax Deductions

These reduce your taxable income.

% of salary

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Paycheck Breakdown

Gross Pay {{ formatToCurrency(grossPayPerPeriod) }}
Pre-Tax Deductions
401(k) -{{ formatToCurrency(contribution401kPerPeriod) }}
Health Insurance -{{ formatToCurrency(healthInsurance) }}
HSA -{{ formatToCurrency(hsa) }}
Other Pre-Tax -{{ formatToCurrency(otherPreTax) }}
Taxable Income {{ formatToCurrency(taxableIncomePerPeriod) }}
Taxes
Federal Income Tax -{{ formatToCurrency(federalTaxPerPeriod) }}
State Income Tax ({{ state }}) -{{ formatToCurrency(stateTaxPerPeriod) }}
Social Security (6.2%) -{{ formatToCurrency(socialSecurityPerPeriod) }}
Medicare (1.45%) -{{ formatToCurrency(medicarePerPeriod) }}
Take-Home Pay {{ formatToCurrency(netPayPerPeriod) }}

Where Your Paycheck Goes

Take-Home: {{ takeHomePercent }}%
401(k): {{ contribution401kPercentOfGross }}%
Federal Tax: {{ federalTaxPercent }}%
State Tax: {{ stateTaxPercent }}%
FICA (SS + Medicare): {{ ficaPercent }}%
Other Deductions: {{ otherDeductionsPercent }}%

Annual Summary

Gross Salary

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Total Taxes

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401(k) Savings

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Take-Home

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Effective Tax Rate

Your effective federal tax rate is {{ effectiveFederalRate }}%. This is lower than your marginal bracket because tax brackets are progressive—you only pay the higher rate on income above each threshold.

Understanding Your Paycheck

FICA Taxes Explained

Social Security (6.2%): Funds retirement benefits. Capped at $168,600 in wages for 2024.

Medicare (1.45%): Funds healthcare for seniors. No wage cap. Additional 0.9% on income over $200k.

Marginal vs Effective Tax Rate

Your marginal rate is the tax on your last dollar earned. Your effective rate is your total tax divided by total income—always lower because of progressive brackets.

Maximize Your Take-Home

  • Increase 401(k) contributions to reduce taxable income
  • Use FSA/HSA for healthcare expenses (pre-tax)
  • Review W-4 to avoid over-withholding
  • Consider Roth 401(k) if you expect higher future taxes

State Tax Considerations

Nine states have no income tax: AK, FL, NV, NH, SD, TN, TX, WA, WY. But they often have higher property or sales taxes. Consider total tax burden, not just income tax, when comparing locations.

Disclaimer: This calculator provides estimates based on 2024/2025 tax brackets. Actual withholding depends on your W-4, local taxes, and other factors. Consult a tax professional for personalized advice.