Understanding your paycheck is crucial for financial planning. Your gross pay (what you earn) and net pay (what you take home) can differ significantly due to federal taxes, state taxes, FICA (Social Security and Medicare), and other deductions.

Use this calculator to estimate your take-home pay and understand where your money goes each pay period.

1. Your Income

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Your pay before any deductions

$

2. Tax Information

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Federal and state taxes are withheld from each paycheck based on your income, filing status, and W-4 withholding elections.

More allowances = less withholding (0-3 is typical)

3. Pre-Tax Deductions

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Pre-tax deductions reduce your taxable income, lowering your tax bill. Common pre-tax deductions include 401(k) contributions and health insurance premiums.

Per paycheck (reduces taxable income)

$

Per paycheck (your share, not employer's)

$

HSA, FSA, transit, etc. (per paycheck)

$

4. Your Take-Home Pay

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Net Pay (Take-Home)
$0
Per Paycheck
Gross Pay
$0
Federal Tax
-$0
State Tax
-$0
Social Security (6.2%)
-$0
Medicare (1.45%)
-$0
401(k) Contribution
-$0
Health Insurance
-$0
Other Pre-Tax
-$0

Annual Summary

Annual Gross: $0

Annual Take-Home: $0

Effective Tax Rate: 0%