Take Home Pay Calculator

Calculate your net take-home pay after federal taxes, state taxes, Social Security, Medicare, and other deductions. Get accurate paycheck estimates for salary planning.

Calculator

Calculator Details

Enter your information to calculate results

Results
$55,602
Annual Take-Home Pay
$2,139 per bi-weekly paycheck

Tax & Deduction Breakdown

Gross Annual Salary$85,000
Pre-Tax Deductions-$8,500
Federal Income Tax-$8,926
State Income Tax-$6,120
Social Security Tax-$4,743
Medicare Tax-$1,109
Net Take-Home Pay$55,602
24.6%
Effective Tax Rate
22%
Marginal Tax Rate

Take-Home Pay by Frequency

Weekly:$1,069
Bi-weekly:$2,139
Semi-monthly:$2,317
Monthly:$4,634

How It Works

The Take Home Pay Calculator determines your net pay after all taxes and deductions:

Net Pay = Gross Pay - Federal Tax - State Tax - FICA Taxes - Pre-tax Deductions

Tax Components:

  • Federal Income Tax: Based on 2024 tax brackets and filing status
  • State Income Tax: Varies by state (0% to ~13%)
  • Social Security Tax: 6.2% up to $160,200 wage base (2024)
  • Medicare Tax: 1.45% + 0.9% additional on income over $200,000
  • Pre-tax Deductions: Reduce taxable income (401k, health insurance, etc.)

Examples

Example: California Professional

Salary: $85,000

State: California

Filing: Single

Pre-tax: $8,500 (401k + health)

Take-home: ~$58,500

Effective rate: ~31%

Example: Texas Professional

Salary: $85,000

State: Texas (no state tax)

Filing: Single

Pre-tax: $8,500

Take-home: ~$65,200

Effective rate: ~23%

Compare

Ways to Increase Take-Home Pay:

Pre-Tax Strategies
Maximize 401(k)
Up to $23,000 in 2024 ($30,500 if 50+)
Health Savings Account
Up to $4,150 individual, $8,300 family
Health Insurance
Employer-sponsored premiums are pre-tax
Other Strategies
Adjust W-4 Withholding
Optimize to avoid large refunds
Flexible Spending Account
Pre-tax dollars for medical/dependent care
Consider State Taxes
Some states have no income tax