Take-Home Paycheck Calculator
Calculate your actual take-home pay after federal taxes, Social Security, Medicare, and other deductions.
Input Parameters
Results
Paycheck Deductions Explained
Federal income tax, Social Security (6.2%), Medicare (1.45%), state taxes, health insurance, and retirement contributions all reduce your gross pay. Pre-tax deductions like 401(k) and health premiums reduce your taxable income.
What is the Take-Home Paycheck Calculator?
The Take-Home Paycheck Calculator converts your gross salary into your actual "Net Pay". It strips away federal taxes, state taxes, Social Security, and Medicare to show you the exact amount of cash that will land in your bank account.
How It Works (Algorithm)
The tool uses current IRS tax brackets to calculate your federal withholding. It then applies a flat 7.65% deduction for FICA (Social Security and Medicare), subtracts estimated state taxes, and removes any pre-tax deductions like 401(k) contributions or health insurance premiums.
$$ \text{Net Pay} = \text{Gross Pay} - (\text{Fed Tax} + \text{State Tax} + \text{FICA} + \text{Deductions}) $$
The algorithmic breakdown of a standard employee paystub.
How to Use It
Input your gross annual salary or hourly wage. Enter your tax filing status (e.g., Single, Married) and your state. The tool will generate a simulated paystub showing exactly where your money is going.