Texas Take-Home Pay Calculator (2024)
Welcome to the Texas Take-Home Pay Calculator! Understanding your net pay can be complex, especially with various deductions. This tool helps you estimate your take-home pay per pay period, considering federal taxes, FICA contributions, and common pre-tax and post-tax deductions.
Why Texas is Different
One of the biggest advantages of living and working in Texas is the absence of a state income tax. This means a larger portion of your gross earnings goes directly into your pocket compared to residents in states with income taxes. However, you'll still have federal income tax, Social Security, and Medicare taxes deducted from your paycheck, along with any voluntary deductions like health insurance or retirement contributions.
How Your Paycheck is Calculated
Your take-home pay is your gross pay minus all deductions. Here's a breakdown of the typical deductions:
- Gross Pay: Your total earnings before any deductions.
- Pre-tax Deductions: These are deductions taken from your gross pay before federal income tax is calculated. Common examples include health insurance premiums, 401(k) contributions, and Flexible Spending Account (FSA) or Health Savings Account (HSA) contributions. These deductions reduce your taxable income.
- Federal Income Tax: This is the tax you pay to the U.S. government. The amount withheld depends on your gross income, filing status, and the information you provide on your W-4 form (such as the number of dependents and any additional withholding).
- FICA Taxes (Social Security & Medicare): These are mandatory federal taxes that fund Social Security and Medicare programs.
- Social Security: 6.2% of your gross pay, up to an annual wage base limit ($168,600 for 2024).
- Medicare: 1.45% of your gross pay, with no wage base limit.
- Post-tax Deductions: These are deductions taken after all taxes have been calculated. Examples include Roth 401(k) contributions, union dues, or certain charitable contributions.
Using the Calculator
To get an accurate estimate of your take-home pay, simply enter your annual salary, select your pay frequency and federal filing status, and input any relevant deductions. The calculator will then provide a breakdown of your estimated net pay per pay period.
Weekly Bi-weekly Semi-monthly Monthly
Single Married Filing Jointly Head of Household
Disclaimer: This calculator provides an estimate based on 2024 federal tax laws and common deductions. It does not account for all possible deductions, credits, or specific state/local taxes (though Texas has no state income tax). Consult a financial professional for personalized advice.
.take-home-pay-texas-calculator-container { font-family: Arial, sans-serif; max-width: 800px; margin: 20px auto; padding: 20px; border: 1px solid #ccc; border-radius: 8px; background-color: #f9f9f9; } .take-home-pay-texas-calculator-container h1, .take-home-pay-texas-calculator-container h2 { color: #333; text-align: center; } .take-home-pay-texas-calculator-container p { line-height: 1.6; margin-bottom: 10px; } .take-home-pay-texas-calculator-container .calculator-form label { display: inline-block; width: 70%; margin-bottom: 5px; font-weight: bold; } .take-home-pay-texas-calculator-container .calculator-form input[type="number"], .take-home-pay-texas-calculator-container .calculator-form select { width: 25%; padding: 8px; margin-bottom: 10px; border: 1px solid #ddd; border-radius: 4px; box-sizing: border-box; } .take-home-pay-texas-calculator-container .calculator-form button { display: block; width: 100%; padding: 10px 15px; background-color: #007bff; color: white; border: none; border-radius: 4px; font-size: 16px; cursor: pointer; margin-top: 20px; } .take-home-pay-texas-calculator-container .calculator-form button:hover { background-color: #0056b3; } .take-home-pay-texas-calculator-container #result { margin-top: 20px; padding: 15px; border: 1px solid #e0e0e0; border-radius: 5px; background-color: #e9ecef; font-size: 1.1em; color: #333; } .take-home-pay-texas-calculator-container #result h3 { color: #007bff; margin-top: 0; } .take-home-pay-texas-calculator-container #result p { margin: 5px 0; } .take-home-pay-texas-calculator-container ul { list-style-type: disc; margin-left: 20px; margin-bottom: 10px; } .take-home-pay-texas-calculator-container ul ul { list-style-type: circle; margin-left: 20px; } function calculateTakeHomePayTexas() { // 2024 Tax Brackets var taxBrackets = { "Single": [ { limit: 11600, rate: 0.10 }, { limit: 47150, rate: 0.12 }, { limit: 100525, rate: 0.22 }, { limit: 191950, rate: 0.24 }, { limit: 243725, rate: 0.32 }, { limit: 609350, rate: 0.35 }, { limit: Infinity, rate: 0.37 } ], "Married Filing Jointly": [ { limit: 23200, rate: 0.10 }, { limit: 94300, rate: 0.12 }, { limit: 201050, rate: 0.22 }, { limit: 383900, rate: 0.24 }, { limit: 487450, rate: 0.32 }, { limit: 731200, rate: 0.35 }, { limit: Infinity, rate: 0.37 } ], "Head of Household": [ { limit: 16550, rate: 0.10 }, { limit: 63100, rate: 0.12 }, { limit: 100500, rate: 0.22 }, { limit: 191950, rate: 0.24 }, { limit: 243700, rate: 0.32 }, { limit: 609350, rate: 0.35 }, { limit: Infinity, rate: 0.37 } ] }; // 2024 Standard Deductions var standardDeductions = { "Single": 14600, "Married Filing Jointly": 29200, "Head of Household": 21900 }; // 2024 FICA Limits var socialSecurityLimit = 168600; var socialSecurityRate = 0.062; var medicareRate = 0.0145; var childTaxCredit = 2000; var otherDependentCredit = 500; // Get input values var grossAnnualSalary = parseFloat(document.getElementById("grossAnnualSalary").value); var payPeriodsPerYear = parseFloat(document.getElementById("payFrequency").value); var filingStatus = document.getElementById("filingStatus").value; var numChildren = parseInt(document.getElementById("numChildren").value); var numOtherDependents = parseInt(document.getElementById("numOtherDependents").value); var preTaxHealthInsurance = parseFloat(document.getElementById("preTaxHealthInsurance").value); var preTaxRetirementPercent = parseFloat(document.getElementById("preTaxRetirementPercent").value); var otherPreTaxDeductions = parseFloat(document.getElementById("otherPreTaxDeductions").value); var extraFederalWithholding = parseFloat(document.getElementById("extraFederalWithholding").value); // Validate inputs if (isNaN(grossAnnualSalary) || grossAnnualSalary < 0 || isNaN(payPeriodsPerYear) || payPeriodsPerYear <= 0 || isNaN(numChildren) || numChildren < 0 || isNaN(numOtherDependents) || numOtherDependents < 0 || isNaN(preTaxHealthInsurance) || preTaxHealthInsurance < 0 || isNaN(preTaxRetirementPercent) || preTaxRetirementPercent 100 || isNaN(otherPreTaxDeductions) || otherPreTaxDeductions < 0 || isNaN(extraFederalWithholding) || extraFederalWithholding 0) { var prevLimit = 0; for (var i = 0; i 0) { annualTaxBeforeCredits += taxableInBracket * bracket.rate; incomeRemaining -= taxableInBracket; } prevLimit = bracket.limit; if (incomeRemaining <= 0) break; } } // Apply tax credits var totalCredits = (numChildren * childTaxCredit) + (numOtherDependents * otherDependentCredit); var annualTaxAfterCredits = Math.max(0, annualTaxBeforeCredits – totalCredits); // Add extra withholding and divide by pay periods var federalTaxPerPeriod = (annualTaxAfterCredits / payPeriodsPerYear) + extraFederalWithholding; federalTaxPerPeriod = Math.max(0, federalTaxPerPeriod); // Ensure tax is not negative // 5. Total Deductions per Pay Period var totalDeductionsPerPeriod = totalPreTaxDeductions + totalFicaTaxPerPeriod + federalTaxPerPeriod; // 6. Net Pay per Pay Period var netPayPerPeriod = grossPayPerPeriod – totalDeductionsPerPeriod; // Display results var resultDiv = document.getElementById("result"); resultDiv.innerHTML = "