Take-home Pay Calculator
Calculate net pay after taxes and deductions
About This Calculator
The Take-home Pay Calculator estimates your net pay after taxes and deductions. It accounts for federal tax, state tax, Social Security, Medicare, and other deductions to show how much you actually receive.
How It Works
- 1
Enter your gross annual salary before taxes.
- 2
Input your federal tax rate percentage.
- 3
Enter your state tax rate percentage (if applicable).
- 4
Social Security and Medicare rates are pre-filled with standard rates but can be adjusted.
- 5
Add any other deductions (health insurance, retirement contributions, etc.).
- 6
The calculator computes your take-home pay and total deductions.
Formula Explanation
Federal Tax = Gross Salary × (Federal Tax Rate / 100)Multiply gross salary by federal tax rate (as a decimal) to calculate federal tax amount.
State Tax = Gross Salary × (State Tax Rate / 100)Multiply gross salary by state tax rate (as a decimal) to calculate state tax amount.
Social Security = Gross Salary × 0.062Social Security tax is typically 6.2% of gross salary up to the wage base limit.
Medicare = Gross Salary × 0.0145Medicare tax is typically 1.45% of gross salary (additional 0.9% may apply to high earners).
Take-Home Pay = Gross Salary - All DeductionsSubtract all taxes and deductions from gross salary to get take-home pay.
Tips
Tax rates vary based on income level - use your effective tax rate for accuracy.
Social Security tax only applies to income up to the wage base limit (changes annually).
State tax rates vary by state - some states have no income tax.
Consider pre-tax deductions (401k, health insurance) which reduce taxable income.