💼 Salary Calculator
Calculate your net take-home pay after taxes and deductions. View annual, monthly, and biweekly breakdowns.
📖 Understanding Your Paycheck
Your gross salary is not what you take home. Several mandatory deductions reduce your net pay, including federal income tax, Social Security (6.2% up to the wage base), and Medicare (1.45%). Your effective tax rate depends on your filing status and which tax bracket your income falls into.
The US uses a progressive tax system, meaning different portions of your income are taxed at different rates. For example, in 2024, a single filer pays 10% on the first $11,600, 12% on income from $11,601 to $47,150, 22% on income from $47,151 to $100,525, and so on up to the 37% bracket.
❓ Frequently Asked Questions
This calculator provides an estimate based on standard federal tax brackets and FICA rates. Your actual paycheck may differ due to state/local taxes, employer benefits (health insurance, 401k contributions), and personal tax situations.
FICA (Federal Insurance Contributions Act) includes Social Security (6.2% of wages up to $168,600 in 2024) and Medicare (1.45% of all wages, plus 0.9% additional Medicare tax on wages over $200,000). Both employer and employee pay FICA.