Calculate your actual take-home pay after taxes and deductions.
Monthly Gross Pay:$0.00
Total Monthly Taxes:-$0.00
Total Monthly Deductions:-$0.00
Estimated Monthly Net Pay:$0.00
Estimated Annual Net Pay:$0.00
Understanding Your Take-Home Pay
Calculating your net pay is essential for personal budgeting and financial planning. While your gross salary is the number listed on your offer letter, your net pay is what actually arrives in your bank account after mandatory taxes and voluntary deductions.
Gross vs. Net Pay: What's the Difference?
Gross Pay is the total amount of money an employee earns before any taxes or deductions are removed. Net Pay, often called "take-home pay," is the amount remaining after all withholdings are subtracted.
Common Deductions Explained
Federal Income Tax: A progressive tax collected by the IRS based on your taxable income and filing status.
State Income Tax: Taxes collected by your state government (varies significantly by location; some states like Texas or Florida have no state income tax).
FICA (Social Security & Medicare): Federal law requires 6.2% for Social Security and 1.45% for Medicare to be withheld from most paychecks.
Pre-Tax Deductions: Contributions made to 401(k) plans, traditional IRAs, or Health Savings Accounts (HSA). These reduce your taxable income, potentially lowering your tax bill.
Post-Tax Deductions: Payments made after taxes are calculated, such as Roth 401(k) contributions or some life insurance premiums.
Example Calculation
If you earn $60,000 annually ($5,000 per month) and have the following rates:
Federal Tax: 10% ($500)
State Tax: 5% ($250)
FICA: 7.65% ($382.50)
Pre-Tax Health Insurance: $200
Your Monthly Net Pay would be approximately $3,667.50 after subtracting the $1,332.50 in total taxes and deductions from your monthly gross.
Pro-Tip: Review Your W-4
If your take-home pay seems lower than expected, you may want to review your W-4 form with your employer to adjust your withholdings or consult with a tax professional.
Frequently Asked Questions
Does this calculator include local city taxes?
This specific tool accounts for Federal and State rates. If you live in a city with local income tax (like NYC or Philadelphia), you should add that percentage to the "State Tax Rate" field for more accuracy.
What are FICA taxes?
FICA stands for the Federal Insurance Contributions Act. It includes the 6.2% Social Security tax and the 1.45% Medicare tax that most U.S. workers pay.
function calculateNetPay() {
// Get Input Values
var annualGross = parseFloat(document.getElementById('annualGross').value) || 0;
var fedTaxRate = parseFloat(document.getElementById('fedTax').value) || 0;
var stateTaxRate = parseFloat(document.getElementById('stateTax').value) || 0;
var ficaRate = parseFloat(document.getElementById('ficaTax').value) || 0;
var preTaxDeduction = parseFloat(document.getElementById('preTax').value) || 0;
var postTaxDeduction = parseFloat(document.getElementById('postTax').value) || 0;
if (annualGross <= 0) {
alert("Please enter a valid annual salary.");
return;
}
// Calculations
var monthlyGross = annualGross / 12;
// Taxable Income (Gross minus Pre-tax)
var monthlyTaxable = monthlyGross – preTaxDeduction;
if (monthlyTaxable < 0) monthlyTaxable = 0;
// Calculate Taxes based on Taxable Income
var monthlyFedTax = monthlyTaxable * (fedTaxRate / 100);
var monthlyStateTax = monthlyTaxable * (stateTaxRate / 100);
// FICA is usually calculated on gross (before 401k but after some other items, simplified here to gross)
var monthlyFicaTax = monthlyGross * (ficaRate / 100);
var totalMonthlyTaxes = monthlyFedTax + monthlyStateTax + monthlyFicaTax;
var totalMonthlyDeductions = preTaxDeduction + postTaxDeduction;
// Final Net Calculation
var monthlyNet = monthlyGross – totalMonthlyTaxes – postTaxDeduction – preTaxDeduction;
if (monthlyNet < 0) monthlyNet = 0;
var annualNet = monthlyNet * 12;
// Display Results
document.getElementById('monthlyGrossRes').innerText = '$' + monthlyGross.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('monthlyTaxesRes').innerText = '-$' + totalMonthlyTaxes.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('monthlyDeductionsRes').innerText = '-$' + totalMonthlyDeductions.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('monthlyNetRes').innerText = '$' + monthlyNet.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('annualNetRes').innerText = '$' + annualNet.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('results-area').style.display = 'block';
// Smooth scroll to results
document.getElementById('results-area').scrollIntoView({ behavior: 'smooth', block: 'nearest' });
}