Paycheck Calculator
Calculate your take-home pay per paycheck. Enter your gross annual salary, filing status, and pay frequency to see federal tax, FICA, state tax, and net pay.
How Paycheck Calculations Work
Your take-home pay is your gross salary minus all tax withholdings and deductions. The three main deductions are federal income tax, FICA taxes (Social Security and Medicare), and state income tax.
Federal Tax Brackets (2024)
The US uses a progressive tax system with seven brackets ranging from 10% to 37%. Your standard deduction ($14,600 for single, $29,200 for married filing jointly) is subtracted before applying the brackets.
FICA Taxes
Social Security is 6.2% on wages up to $168,600 (2024 cap). Medicare is 1.45% on all wages with no cap. Combined, employees pay 7.65% of their gross pay in FICA taxes, and employers match the same amount.