Take-Home Pay Calculator
Estimate your net pay after federal, state, and FICA taxes plus common deductions.
Paycheck Breakdown
What is a Take-Home Pay Calculator?
A take-home pay calculator estimates your net income after subtracting federal income tax, state tax, local tax, FICA, and common payroll deductions like 401(k) contributions and health insurance.
It helps employees budget effectively, compare job offers, and understand how pre-tax contributions and deductions affect their paycheck.
How to Use
- Select whether you are paid an annual salary or an hourly wage.
- Enter your gross pay, filing status, and applicable tax rates.
- Add your 401(k) contribution percentage, health insurance premium, and other monthly deductions.
- Click Calculate to see your estimated net pay and effective tax rate.
Frequently Asked Questions
How are federal taxes calculated?
This calculator uses simplified 2026 U.S. federal brackets for single and married filing jointly taxpayers, with a standard deduction applied automatically.
Does 401(k) reduce taxable income?
Yes, traditional 401(k) contributions are pre-tax and reduce your federal and state taxable income in this calculator.
What is FICA?
FICA is a payroll tax funding Social Security and Medicare, typically 7.65% of gross wages. It is not reduced by 401(k) contributions.
Can this calculator handle overtime?
For hourly workers, enter your average total hours per week to approximate annual gross pay. Overtime pay is not calculated separately.