Provides a simplified estimate of actual take-home pay by subtracting estimated federal/state taxes and standard FICA deductions from a gross salary.
Paycheck Tax Estimator
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How to Use This Calculator
Enter your gross annual salary, filing status, state tax rate, and any pre-tax deductions.
Frequently Asked Questions
Does this include local taxes?
No, this estimator uses a simplified federal bracket and standard state tax. Local/city taxes are not included.
How accurate is the Paycheck Tax Estimator?
The Paycheck Tax Estimator provides a highly accurate *estimate* using standard federal brackets and standard deductions, though individual tax situations vary.
Does the Paycheck Tax Estimator include FICA?
Yes, the Paycheck Tax Estimator automatically deducts the 7.65% for Social Security and Medicare.
How do I handle 401k in the Paycheck Tax Estimator?
Enter your 401k and health insurance premiums into the “Pre-tax Deductions” field. The Paycheck Tax Estimator will accurately lower your taxable income.
Does the Paycheck Tax Estimator work for married couples?
Yes, simply select “Married Filing Jointly” and the Paycheck Tax Estimator will widen the tax brackets accordingly.