Take-Home Paycheck Calculator
Calculate your net pay after federal, state, and FICA deductions.
Examples
Biweekly Paycheck on $65,000 Salary
Monthly Paycheck with Pre-Tax 401(k)
Frequently Asked Questions
Why is this an estimate?
What is the Social Security wage cap?
How do pre-tax deductions help?
Quick Tips
Double check your inputs. Ensure units match (e.g., inches vs cm).
How to Use This Calculator
Enter your gross pay per paycheck, pay frequency, filing status, and any pre-tax deductions. Click Calculate to see your estimated take-home pay after federal tax, state tax, Social Security, and Medicare withholdings.
Understanding the Formula
Net Pay = Gross Pay - Federal Tax - State Tax - Social Security (6.2%) - Medicare (1.45%) - Pre-Tax Deductions. Federal tax is calculated using progressive tax brackets after standard deduction.
Examples
Biweekly Paycheck on $65,000 Salary
With an annual salary of $65,000, single filing, and no state income tax, your gross biweekly pay is $2,500. After federal tax (~$277), Social Security ($155), and Medicare ($36), your estimated take-home pay is about $2,032 per paycheck.
Monthly Paycheck with Pre-Tax 401(k)
You earn $90,000 annually, paid monthly, and contribute 10% ($750/month) to a pre-tax 401(k). Your taxable gross drops to $6,750/month. After federal tax (~$825), state tax (~$340), Social Security ($465), and Medicare ($109), your net monthly paycheck is approximately $5,011.
Frequently Asked Questions
Why is this an estimate?
Actual withholding depends on your W-4 elections, local taxes, additional deductions, and tax credits. This calculator provides a simplified approximation using standard deductions and flat state tax rates.
What is the Social Security wage cap?
For 2024, Social Security tax (6.2%) applies only to the first $168,600 of earnings. Income above this cap is not subject to Social Security tax.
How do pre-tax deductions help?
Pre-tax deductions like 401(k) contributions and health insurance premiums reduce your taxable income, lowering federal and state taxes. They do not reduce Social Security or Medicare taxes.