Free paycheck calculator to estimate your net take-home pay after federal, state, and local taxes, FICA, 401k, and other deductions.
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Wondering how much of your paycheck you'll actually receive? Our calculator computes federal income tax, Social Security, Medicare, state and local taxes, plus pre-tax and post-tax deductions to show your exact take-home pay.
Your gross pay is reduced by mandatory taxes (federal, state, local, FICA) and voluntary deductions (401k, health insurance). Understanding these deductions helps you plan your budget and optimize tax-advantaged savings.
Net Pay Formula
Net Pay = Gross - Federal Tax - FICA - State Tax - Local Tax - DeductionsPlan monthly expenses based on actual take-home pay.
Compare net pay between job offers in different states.
Optimize deductions and withholding for tax efficiency.
FICA includes Social Security (6.2% up to $168,600 in 2024) and Medicare (1.45% on all earnings, plus 0.9% above $200,000). Total FICA is typically 7.65% of gross pay.
Pre-tax deductions (401k, health insurance, HSA) reduce your taxable income, lowering your tax bill. Contributing $500 pre-tax to a 401k might only reduce take-home by $350-400 after tax savings.
Variations can come from different number of work days, overtime, bonus payments, annual Social Security cap reset, or changes to benefits selections during open enrollment.
Submit a new W-4 to your employer. You can increase or decrease withholding based on expected tax liability. Use the IRS withholding estimator for guidance.