Salary Calculator (Take-Home Pay)

How to Calculate Your Take-Home Pay (Gross to Net)

Your "salary" is your gross pay, but your "take-home pay" (or net pay) is the amount you actually receive in your bank account. This calculator estimates your net pay by subtracting all the major taxes and deductions from your gross pay.

Key Paycheck Deductions Explained

• Pre-Tax Deductions: These are removed from your gross pay *before* any income tax is calculated, which lowers your taxable income. Common examples include 401(k) contributions, health insurance premiums (HSA, FSA), and life insurance.
• Federal Income Tax: This is the tax paid to the US federal government. It's calculated based on your taxable income, filing status (Single, Married...), and the progressive tax brackets for the year.
• FICA (Federal Insurance Contributions Act):This is your contribution to Social Security and Medicare. It's a flat tax on your gross pay:
  • Social Security: 6.2% on income up to $177,700 (for 2025).
  • Medicare: 1.45% on all earnings, plus an extra 0.9% on income over $200,000 (for Single filers).
• State Income Tax: Most US states (and some localities) also charge an income tax. This calculator estimates this based on a single rate you provide, as formulas vary widely from state to state.

Salary vs. Hourly

This tool can convert both. If you are an hourly employee, your gross pay is your `Hourly Rate × Hours Worked`. If you are a salaried employee, your gross pay is your `Annual Salary ÷ Number of Pay Periods` (e.g., 26 for bi-weekly). This calculator estimates your annual salary from your hourly wage assuming a 40-hour work week.