Paycheck Calculator - Estimate Your Take-Home Pay
Calculate your actual take-home pay after federal taxes, state taxes, Social Security, Medicare, and pre-tax deductions. Our free calculator uses 2024 tax brackets to give you an accurate estimate of your net pay.
What Gets Deducted From Your Paycheck?
- Federal Income Tax: Progressive tax based on your income bracket (10% - 37%)
- State Income Tax: Varies by state (0% - 13.3%)
- Social Security (FICA): 6.2% on income up to $168,600 (2024)
- Medicare: 1.45% on all income, plus 0.9% above $200,000
- Pre-tax Deductions: 401(k), health insurance, HSA contributions
2024 Federal Tax Brackets (Single Filers)
- 10%: $0 - $11,600
- 12%: $11,601 - $47,150
- 22%: $47,151 - $100,525
- 24%: $100,526 - $191,950
- 32%: $191,951 - $243,725
- 35%: $243,726 - $609,350
- 37%: Over $609,350
Pre-Tax Deductions That Lower Your Taxes
- 401(k) Contributions: Up to $23,000 in 2024 ($30,500 if 50+)
- Health Insurance: Employer-sponsored plans are pre-tax
- HSA Contributions: $4,150 individual / $8,300 family in 2024
- FSA Contributions: Up to $3,200 in 2024
- Commuter Benefits: Up to $315/month in 2024
States With No Income Tax
Nine states have no state income tax: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming.
How to Increase Your Take-Home Pay
- Maximize pre-tax contributions (401k, HSA)
- Review your W-4 withholding allowances
- Take advantage of employer benefits
- Consider tax-advantaged accounts
Disclaimer
This calculator provides estimates for educational purposes. Your actual paycheck may differ based on local taxes, specific deductions, and employer policies. Consult a tax professional for personalized advice.