Estimate your net pay after federal taxes, FICA, and deductions.
Single
Married Filing Jointly
Gross Monthly Income:$0.00
Federal Income Tax (Est.):$0.00
FICA (Social Security & Medicare):$0.00
State Income Tax:$0.00
Pre-Tax Deductions:$0.00
Monthly Take-Home Pay:$0.00
Estimated Annual Net:$0.00
Understanding Your Take-Home Income
Your "Take Home Income," also known as net pay, is the actual amount of money that lands in your bank account on payday. Many employees are surprised when their first paycheck is significantly lower than their gross salary divided by the number of pay periods. This calculator helps bridge that gap by accounting for common tax liabilities and benefit costs.
How Net Pay is Calculated
The calculation follows a specific hierarchy of subtractions:
Gross Income: Your total earnings before any taxes or deductions.
Pre-Tax Deductions: Contributions to 401(k) plans, 403(b) plans, or health insurance premiums are usually deducted before taxes are calculated, lowering your taxable income.
FICA Taxes: This consists of Social Security (6.2%) and Medicare (1.45%) taxes. Most employees pay a flat 7.65% on their income up to certain limits.
Federal Income Tax: This is based on a progressive tax bracket system. The more you earn, the higher the percentage you pay on additional dollars.
State and Local Taxes: Depending on where you live, states may take an additional 0% to 13% of your income.
Example Calculation
If you earn $75,000 annually as a single filer, contribute $500 monthly to health insurance and 401(k), and live in a state with a 5% tax rate:
Annual Pre-tax deductions total $6,000. Taxable income becomes $69,000.
FICA taxes (7.65%) would be roughly $5,737.
Federal income tax (using simplified 2024 brackets) would be approximately $7,800.
State tax at 5% would be $3,450.
Your estimated annual take-home would be roughly $52,013, or $4,334 per month.
Why Use a Take Home Pay Calculator?
Whether you are negotiating a new salary, considering a job offer in a different state, or trying to build a monthly budget, knowing your net pay is critical. Budgeting based on your gross salary is a common financial mistake that can lead to overspending and debt. Always base your lifestyle expenses—rent, car payments, and groceries—on your actual take-home income.
function calculateTakeHome() {
var annualSalary = parseFloat(document.getElementById('annualSalary').value) || 0;
var monthlyDeductions = parseFloat(document.getElementById('preTaxDeductions').value) || 0;
var stateRate = parseFloat(document.getElementById('stateTaxRate').value) || 0;
var status = document.getElementById('filingStatus').value;
if (annualSalary <= 0) {
alert("Please enter a valid annual salary.");
return;
}
// 1. Pre-tax deductions
var annualDeductions = monthlyDeductions * 12;
var taxableIncome = annualSalary – annualDeductions;
if (taxableIncome ficaLimit) {
ficaTax = (ficaLimit * 0.062) + (annualSalary * 0.0145);
} else {
ficaTax = annualSalary * 0.0765;
}
// 3. Federal Income Tax (Simplified 2024 Brackets)
var fedTax = 0;
var ti = taxableIncome;
// Standard Deduction (2024): Single $14,600, Married $29,200
var standardDeduction = (status === 'single') ? 14600 : 29200;
ti = ti – standardDeduction;
if (ti 609350) fedTax += (ti – 609350) * 0.37, ti = 609350;
if (ti > 243725) fedTax += (ti – 243725) * 0.35, ti = 243725;
if (ti > 191950) fedTax += (ti – 191950) * 0.32, ti = 191950;
if (ti > 100525) fedTax += (ti – 100525) * 0.24, ti = 100525;
if (ti > 47150) fedTax += (ti – 47150) * 0.22, ti = 47150;
if (ti > 11600) fedTax += (ti – 11600) * 0.12, ti = 11600;
fedTax += ti * 0.10;
} else {
// Married Joint
if (ti > 731200) fedTax += (ti – 731200) * 0.37, ti = 731200;
if (ti > 487450) fedTax += (ti – 487450) * 0.35, ti = 487450;
if (ti > 383900) fedTax += (ti – 383900) * 0.32, ti = 383900;
if (ti > 201050) fedTax += (ti – 201050) * 0.24, ti = 201050;
if (ti > 94300) fedTax += (ti – 94300) * 0.22, ti = 94300;
if (ti > 23200) fedTax += (ti – 23200) * 0.12, ti = 23200;
fedTax += ti * 0.10;
}
// 4. State Tax
var stateTax = (taxableIncome * (stateRate / 100));
// 5. Net Calculation
var annualNet = annualSalary – fedTax – ficaTax – stateTax – annualDeductions;
if (annualNet < 0) annualNet = 0;
var monthlyNet = annualNet / 12;
var monthlyFed = fedTax / 12;
var monthlyFICA = ficaTax / 12;
var monthlyState = stateTax / 12;
// Display
document.getElementById('resGrossMonthly').innerText = formatCurrency(annualSalary / 12);
document.getElementById('resFedTax').innerText = formatCurrency(monthlyFed);
document.getElementById('resFICA').innerText = formatCurrency(monthlyFICA);
document.getElementById('resStateTax').innerText = formatCurrency(monthlyState);
document.getElementById('resDeductions').innerText = formatCurrency(monthlyDeductions);
document.getElementById('resNetMonthly').innerText = formatCurrency(monthlyNet);
document.getElementById('resNetAnnual').innerText = formatCurrency(annualNet);
document.getElementById('resultsArea').style.display = 'block';
}
function formatCurrency(num) {
return '$' + num.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
}