Take Home Pay Calculator
Take Home Pay Calculator
Your take-home pay (net pay) is what actually lands in your bank account after taxes and deductions. Understanding this number helps with budgeting, negotiating salary, and evaluating job offers. Note: This is a simplified estimate - actual payroll withholding varies by filing status and deduction elections.
Conversion Formula
Taxes = Gross × (Federal% + State%) / 100. Net = Gross - Taxes - Other Deductions. Effective Rate = (Taxes + Deductions) / Gross × 100. Annual Net = Net × Pay Periods per year.
Step-by-Step Examples
$3,000 biweekly, 22% federal, 5% state, $200 deductions = $2,000 net/period
Taxes: $810; 3000 - 810 - 200 = 1990 net
$5,000 monthly, 24% federal, 0% state, $0 deductions = $3,800 net/month
Taxes: $1,200; Effective rate: 24%
Frequently Asked Questions
How accurate is this take-home pay estimate?
This is a simplified estimate. Actual withholding depends on your W-4 filing status, exemptions, Social Security and Medicare taxes (FICA: 7.65%), pre-tax benefits like 401(k) contributions, and jurisdiction-specific rules. For exact figures, consult your payroll department or a tax professional. This calculator excludes FICA by default.
What are pre-tax deductions and how do they help?
Pre-tax deductions (401k, HSA, FSA, health insurance premiums) are subtracted from gross pay before taxes are calculated, which lowers your taxable income and reduces your tax bill. If you contribute to these plans, enter the per-period total in Other Deductions for a closer estimate.
What is the difference between effective and marginal tax rate?
Your marginal tax rate is the rate on your last dollar earned (the top bracket). Your effective rate is the average rate across all income, which is always lower than marginal. This calculator uses a flat rate input, which approximates your effective rate best.