Paycheck Deductions & Take-Home Tax Calculator
Calculate net take-home paycheck earnings after federal income tax withholding, FICA Social Security and Medicare, state taxes, and 401(k) retirement contributions.
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Frequently Asked Questions
What mandatory taxes are deducted from every US paycheck?
Every US W-2 employee has mandatory FICA taxes withheld: Social Security tax (6.2% on wages up to $168,600) and Medicare tax (1.45% with no wage ceiling). In addition, federal income tax withholding and state/local income taxes (in 41 states) are deducted.
Which US states have zero state income tax?
Nine US states have no personal state income tax on earned wages: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming.
How do pre-tax deductions lower my taxable income?
Contributions to traditional 401(k), 403(b), traditional IRA, Health Savings Accounts (HSA), Flexible Spending Accounts (FSA), and employer health insurance premiums are deducted before federal and state taxes are calculated, reducing your total tax burden.
What is the difference between bi-weekly and semi-monthly pay?
Bi-weekly means you are paid every two weeks on a set day (usually Friday), resulting in 26 paychecks per year (with two months having 3 paychecks). Semi-monthly means you are paid twice a month (e.g. 1st and 15th), resulting in exactly 24 paychecks per year.