Take-Home-Pay Calculator

Calculate your net take-home pay after federal income tax, FICA (Social Security & Medicare), state income tax, and pre-tax deductions. Based on 2024 tax rates.

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Estimate your actual take-home pay after taxes and deductions with our free calculator, helping you budget based on what you'll really receive, not your gross salary.

How Take-Home Pay Is Calculated

Take-Home Pay = Gross Pay − Income Tax − Other Deductions (retirement contributions, insurance premiums, etc.).

How to Use This Calculator

  1. Enter your gross salary
  2. Enter applicable deductions
  3. Click Calculate to see your estimated net take-home pay

Frequently Asked Questions

Why is my take-home pay so much lower than my gross salary?

The gap comes from income tax withholding plus other deductions like retirement contributions or insurance.

Does this account for all possible deductions?

This calculator covers common deductions; check your pay stub for a complete breakdown.

How is take-home pay different between salaried and hourly employees?

The calculation principle is the same, though hourly pay can vary week to week.

Should I use gross or net pay when budgeting?

Net (take-home) pay is what actually hits your bank account, so it's generally more useful for budgeting.