Taxes & Take Home Pay Calculator

Estimate your take-home pay after taxes and deductions based on your salary, location, and filing status.

This calculator provides estimates only and is not a guarantee of actual tax liability or take-home pay. Tax rates and regulations are subject to change. Please consult with a tax professional for advice specific to your situation.

Taxes & Take Home Pay Calculator Help

Using This Calculator

This calculator is able to display your net pay following deductions in taxes Steps:

  1. Enter an annual salary and pick your pay frequency
  2. Select Filing Status and State
  3. Any additional deductions, pre-tax contributions and tax credits
  4. Click on Calculate Take Home Pay to get your results

Learning Tax Words

The Marginal Tax Rate: The rate of tax which any other additional income is levied.

Top Marginal Rate: The rate, which charges you the maximum rate per each dollar earned.

FICA Taxes: The federal insurance contribution act taxes that go into social security and medicare.

Pre-tax Contributions: Money that your pre-tax contribution deducted before any taxes are paid, hence lowering your taxable money.

Deductions & Credits

The standard deduction: This is a fixed amount which minimizes the amount of income that is to be taxed.

Itemized Deductions: Those expenses which you may deduct form your taxable income in case they are above a standard deduction.

Tax Credits: Reductions of your actual taxes not just taxable income.

Calculator Features

  • Save results: Save the current calculation in order to compare it later.
  • Compare Scenarios: compare scenarios.
  • Salary Optimization: Get to know ways through which you can maximize your compensation package.