Paycheck Calculator
Calculate your take-home pay with our free paycheck calculator. This paycheck calculator shows you exactly how much money you'll receive after federal tax, state tax, FICA, and other deductions. Use this paycheck calculator to plan your budget and understand your net income.
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Paycheck Calculator Inputs
401(k), HSA, etc.
Net Pay (Bi-Weekly)
$0.00
Your take-home pay per paycheck
Paycheck Calculator Breakdown
Annual Gross
$0.00
Annual Net
$0.00
Understanding Your Paycheck Calculator Results
A paycheck calculator is an essential tool for understanding your take-home pay. This paycheck calculator accounts for federal income tax, FICA taxes (Social Security and Medicare), state taxes, and pre-tax deductions to give you an accurate estimate of your net pay.
Key paycheck calculator components:
- Gross Pay: Your total earnings before any deductions
- Federal Tax: Income tax owed to the federal government (based on 2024 tax brackets)
- FICA: 7.65% for Social Security (6.2%) and Medicare (1.45%)
- State Tax: Income tax varies by state (if applicable)
- Net Pay: Your take-home pay after all deductions
Paycheck calculator note: This paycheck calculator provides estimates based on standard tax rates and does not account for all possible deductions, credits, or local taxes. Consult a tax professional for precise calculations specific to your situation.
Disclaimer: This calculator is for educational and illustrative purposes only. Results are estimates and may not reflect actual outcomes. Investing Point does not guarantee the accuracy of these calculations and is not responsible for any decisions made based on this tool.
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