Take-Home Paycheck Calculator
Calculate your net pay after taxes, deductions, and benefits
Understanding Your Paycheck
Your take-home pay is your gross salary minus various deductions, including taxes, Social Security, Medicare, and any voluntary deductions like retirement contributions or health insurance premiums.
Common Deductions
- Federal Income Tax (based on W-4 and filing status)
- State Income Tax (varies by state)
- Social Security (6.2% up to $160,200 in 2024)
- Medicare (1.45% with no income limit)
- 401(k) or other retirement contributions
- Health insurance premiums
- Other voluntary deductions (HSA, FSA, etc.)
Note: This calculator provides estimates based on standard deductions and tax rates. Actual take-home pay may vary based on specific circumstances, additional deductions, or local taxes. Consult with a tax professional for accurate tax planning.