Calculate your estimated take-home pay after taxes and deductions.
Weekly (52 pays per year)
Bi-weekly (26 pays per year)
Semi-monthly (24 pays per year)
Monthly (12 pays per year)
Estimated Net Pay
Understanding Your US Salary and Take-Home Pay
When you receive a salary in the United States, the amount that appears in your bank account – your "take-home pay" or "net pay" – is often significantly less than your gross salary. This difference is due to various taxes and deductions mandated by federal, state, and local governments, as well as voluntary deductions for benefits or savings.
This calculator provides an estimation of your net pay by considering common payroll deductions. It's important to note that this is a simplified model. Actual take-home pay can vary based on specific tax situations, filing status, pre-tax deductions (like 401k contributions, health insurance premiums), and regional taxes. For precise figures, always consult your pay stubs or a tax professional.
Key Components of Salary Calculations:
Gross Salary: This is your total salary before any deductions. It's the figure you typically see in your employment contract.
Federal Income Tax: A progressive tax levied by the US federal government. The rate depends on your income bracket, filing status, and other factors. The calculator uses an estimated flat rate for simplicity.
State Income Tax: Most states levy their own income tax, with rates varying widely. Some states have no income tax at all. This calculator includes an estimated state tax rate.
Social Security Tax: A federal payroll tax that funds Social Security benefits. In 2023, the rate is 6.2% on earnings up to a certain limit ($160,200 in 2023). This calculator applies it to your entire salary for simplicity, which might slightly overestimate if your salary exceeds this limit.
Medicare Tax: A federal payroll tax that funds Medicare. The rate is 1.45% on all earnings, with no income limit. Higher earners may pay an additional Medicare tax.
Other Deductions: This can include contributions to retirement accounts (401k, IRA), health insurance premiums, life insurance, union dues, or other voluntary withholdings. Pre-tax deductions (like 401k and health insurance) reduce your taxable income, but this calculator treats "Other Deductions" as post-tax for a simpler estimation.
How the Calculator Works:
The calculator first determines your gross pay per pay period based on your annual salary and chosen pay frequency. Then, it calculates the estimated deductions:
1. Pay Period Gross: `Annual Salary / Number of Pay Periods`
2. Federal Tax: `(Annual Salary * Federal Tax Rate / 100)` – This is an estimate applied to the annual gross. For more accuracy, consider marginal tax brackets.
3. State Tax: `(Annual Salary * State Tax Rate / 100)` – Similar to federal tax, an estimate on annual gross.
4. Social Security Tax: `(Annual Salary * Social Security Tax Rate / 100)`
5. Medicare Tax: `(Annual Salary * Medicare Tax Rate / 100)`
6. Total Annual Taxes & Deductions: Sum of Federal Tax, State Tax, Social Security Tax, Medicare Tax, and (Annualized Other Deductions). `Other Deductions` are annualized for this calculation.
7. Estimated Net Annual Pay: `Annual Salary – Total Annual Taxes & Deductions`
8. Estimated Net Pay Per Pay Period: `Estimated Net Annual Pay / Number of Pay Periods`
The calculator then displays your estimated net pay for the pay period and the net annual pay.
Use Cases:
Budgeting: Understand how much money you can realistically expect to spend each pay cycle.
Job Offers: Compare the net pay of different job offers that have varying salaries and benefits.
Financial Planning: Get a clearer picture of your disposable income for savings, investments, or large purchases.
Negotiations: Better understand the impact of salary increases on your actual take-home pay.
Remember, this tool provides an approximation. Consult official tax resources or a financial advisor for definitive calculations.
function calculateSalary() {
var annualSalary = parseFloat(document.getElementById("annualSalary").value);
var payFrequency = document.getElementById("payFrequency").value;
var federalTaxRate = parseFloat(document.getElementById("federalTaxRate").value);
var stateTaxRate = parseFloat(document.getElementById("stateTaxRate").value);
var medicareRate = parseFloat(document.getElementById("medicareRate").value);
var socialSecurityRate = parseFloat(document.getElementById("socialSecurityRate").value);
var otherDeductions = parseFloat(document.getElementById("otherDeductions").value);
var resultDiv = document.getElementById("result");
var netPayAmountPara = document.getElementById("netPayAmount");
var payPeriodAmountPara = document.getElementById("payPeriodAmount");
if (isNaN(annualSalary) || annualSalary < 0) {
alert("Please enter a valid Annual Salary.");
return;
}
if (isNaN(federalTaxRate) || federalTaxRate 100) {
alert("Please enter a valid Federal Tax Rate between 0 and 100.");
return;
}
if (isNaN(stateTaxRate) || stateTaxRate 100) {
alert("Please enter a valid State Tax Rate between 0 and 100.");
return;
}
if (isNaN(medicareRate) || medicareRate 100) {
alert("Please enter a valid Medicare Tax Rate between 0 and 100.");
return;
}
if (isNaN(socialSecurityRate) || socialSecurityRate 100) {
alert("Please enter a valid Social Security Tax Rate between 0 and 100.");
return;
}
if (isNaN(otherDeductions) || otherDeductions < 0) {
alert("Please enter a valid Other Monthly Deductions amount.");
return;
}
var payPeriodsPerYear;
switch (payFrequency) {
case "weekly":
payPeriodsPerYear = 52;
break;
case "biweekly":
payPeriodsPerYear = 26;
break;
case "semimonthly":
payPeriodsPerYear = 24;
break;
case "monthly":
payPeriodsPerYear = 12;
break;
default:
payPeriodsPerYear = 12; // Default to monthly if something goes wrong
}
var grossPayPerPeriod = annualSalary / payPeriodsPerYear;
// Estimated taxes based on annual salary for simplicity
var federalTaxAmount = (annualSalary * federalTaxRate) / 100;
var stateTaxAmount = (annualSalary * stateTaxRate) / 100;
var medicareTaxAmount = (annualSalary * medicareRate) / 100;
var socialSecurityTaxAmount = (annualSalary * socialSecurityRate) / 100;
var otherDeductionsAnnual = otherDeductions * 12; // Annualize monthly deductions
var totalDeductionsAnnual = federalTaxAmount + stateTaxAmount + medicareTaxAmount + socialSecurityTaxAmount + otherDeductionsAnnual;
var netAnnualPay = annualSalary – totalDeductionsAnnual;
var netPayPerPeriod = netAnnualPay / payPeriodsPerYear;
// Format currency
var formatter = new Intl.NumberFormat('en-US', {
style: 'currency',
currency: 'USD',
});
netPayAmountPara.textContent = "Estimated Net Pay Per Period: " + formatter.format(netPayPerPeriod);
payPeriodAmountPara.textContent = "Estimated Net Annual Pay: " + formatter.format(netAnnualPay);
resultDiv.style.display = "block";
}