Take-Home Paycheck Calculator
Calculate your net pay after taxes, deductions, and contributions
Basic Information
Pre-tax Deductions
Post-tax Deductions
Understanding Your Paycheck
Gross Pay: Your total earnings before any deductions
Pre-tax Deductions: Reduce your taxable income (401k, health insurance)
Taxable Income: Income subject to federal and state taxes
Post-tax Deductions: Taken from your pay after taxes
Take-Home Pay: Your actual paycheck amount
Tax Information
Federal Taxes
Progressive tax rates from 10% to 37% based on income and filing status
FICA Taxes
Social Security: 6.2% (up to $160,200 in 2023)
Medicare: 1.45% (additional 0.9% on income over $200,000)
State Taxes
Varies by state from 0% to 13.3%. Some states have no income tax.
Pre-tax vs Post-tax
Pre-tax Benefits
401(k), health insurance, HSA, FSA, transit passes
Reduce your taxable income and save on taxes
Post-tax Deductions
Roth 401(k), life insurance, union dues, parking
Taken from your pay after taxes are calculated
Maximizing Take-Home Pay
• Contribute to pre-tax retirement accounts (401k, traditional IRA)
• Use HSA and FSA accounts for medical expenses
• Take advantage of employer-sponsored insurance
• Consider pre-tax commuter benefits
• Review your W-4 withholdings annually