Paycheck (Take-Home Pay) Calculator
Estimate your net take-home pay after federal income tax, Social Security, Medicare, and other deductions.
📅 Tax Year:
Calculate Your Paycheck
$
$
Annual total
How It Works
Your paycheck is reduced by several mandatory and voluntary deductions:
- Pre-Tax Deductions: 401(k), HSA, health insurance reduce taxable income
- Federal Income Tax: Based on your taxable income and filing status
- Social Security: 6.2% on wages up to $184,500 (2026)
- Medicare: 1.45% on all wages (plus 0.9% on wages over $200k)
Formula
Net Pay = Gross - Federal Tax - SS Tax - Medicare Tax - Pre-Tax Deductions
Examples
Example: $75,000 Salary, Single, Bi-weekly
- Gross per paycheck: $2,884.62
- Federal tax: ~$350
- SS + Medicare: ~$220
- Net pay: ~$2,315
Frequently Asked Questions
Does this include state taxes?
No, this shows federal taxes only. State income tax varies by
location—some states have none, others have rates up to 13%.
What about bonuses?
Bonuses are taxed differently (often 22% flat withholding). Use our
Bonus Tax Calculator for bonus estimates.
Why is my actual paycheck different?
Your employer may have different withholding based on your W-4, plus
state taxes, local taxes, and other deductions not included here.
How do pre-tax deductions help?
Pre-tax deductions lower your taxable income, reducing the federal
tax you owe. A $500/month 401k contribution could save $100+ in taxes.
What's the Social Security wage base?
For 2026, SS tax (6.2%) only applies to the first $184,500 of wages.
Income above that isn't subject to SS tax.
Is Additional Medicare Tax included?
If your annual wages exceed $200,000, this calculator includes the
additional 0.9% Medicare tax on wages above that threshold.