Paycheck Calculator
Estimate your take-home pay after all deductions. Enter your gross pay, pay frequency, filing status, and deductions to see how much of your paycheck you actually bring home.
Understanding your take-home pay is essential for budgeting and financial planning. Your gross pay is reduced by several mandatory deductions before you receive your paycheck.
Federal income tax is calculated based on your taxable income and tax bracket. The U.S. uses a progressive tax system, meaning higher portions of income are taxed at higher rates. Social Security tax is 6.2% of gross wages up to the annual cap ($168,600 in 2024). Medicare tax is 1.45% with an additional 0.9% on wages over $200,000.
Pre-tax deductions like 401(k) contributions reduce your taxable income, effectively giving you a tax break on retirement savings. For example, contributing 6% to a 401(k) on a $91,000 salary saves about $1,200 in federal taxes annually while building your retirement fund.