Calculate your take-home pay after taxes and deductions. See your net pay by pay period.
About This Calculator
Take Home Pay Calculator - Calculate Your Net Income
Calculate your take-home pay instantly with our free take-home pay calculator. Estimate your net pay after federal taxes, state taxes, Social Security, and Medicare deductions. See your paycheck by pay period.
How to Use This Calculator
Enter your gross pay amount and select how often you're paid (yearly, monthly, biweekly, weekly, or hourly). Add your state tax rate and filing status to get an accurate calculation of your net income.
What is Take Home Pay?
Take home pay (also called net pay) is the amount of money you receive in your paycheck after all deductions have been taken out. This includes:
- Federal Income Tax: Based on your tax bracket and filing status
- State Income Tax: Varies by state (enter your rate)
- Social Security: 6.2% on wages up to $168,600 (2024)
- Medicare: 1.45% on all wages
2024 Federal Tax Brackets
Your federal tax rate depends on your taxable income after the standard deduction:
- Single: Standard deduction $14,600
- Married Filing Jointly: Standard deduction $29,200
- Head of Household: Standard deduction $21,900
Understanding Your Paycheck
Your gross pay is your total earnings before any deductions. Your net pay is what actually hits your bank account. The difference includes taxes and other mandatory deductions.
Use this calculator to:
- Plan your budget with accurate net income figures
- Compare job offers by take-home pay
- Understand how tax brackets affect your income
- See the impact of changing your filing status
- Calculate your effective vs. marginal tax rate
Frequently Asked Questions
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