Paycheck Calculator
Free paycheck calculator for US workers. Enter gross pay and frequency, select filing status, add state tax rate and pre-tax deductions (401k, health insurance). See net pay with detailed breakdown of federal tax, FICA, state tax, and deductions. Includes annual projection.
Varies by state (0% in TX, FL, WA — up to 13.3% in CA)
Per paycheck (pre-tax)
HSA, FSA, transit, etc. (per paycheck)
Take-Home Pay (Bi-Weekly)
$3,321.37
Annual Net
$86,356
Hourly (Net)
$41.52/hr
Net %
66.4%
Where Your Paycheck Goes
Detailed Breakdown
| Item | Per Paycheck | Annual |
|---|---|---|
| Gross Pay | $5,000.00 | $130,000 |
Federal Income Tax | -$713.63 | -$18,555 |
State Income Tax | -$232.50 | -$6,045 |
Social Security (6.2%) | -$310.00 | -$8,060 |
Medicare (1.45%) | -$72.50 | -$1,885 |
401(k) Contribution | -$200.00 | -$5,200 |
Health Insurance | -$150.00 | -$3,900 |
| Total Deductions | -$1,678.63 | -$43,645 |
| Net (Take-Home) Pay | $3,321.37 | $86,356 |
Tax Rate Summary
Marginal Rate
24%
Effective Fed.
14.3%
Total Tax Rate
26.6%
Hourly (Gross)
$62.50
Annual Projection (26 paychecks/year)
Gross Income
$130,000
Federal Tax
$18,555
State Tax
$6,045
FICA (SS + Med)
$9,945
Pre-Tax Deductions
$9,100
Net Take-Home
$86,356
Disclaimer: This calculator provides estimates based on 2024 US federal tax brackets and standard deductions. It does not account for tax credits, itemized deductions, additional income sources, or local taxes. Consult a qualified tax professional for accurate tax advice.
How to Use Paycheck Calculator
- 1Enter gross pay amount and pay frequency.
- 2Select filing status and enter state tax rate.
- 3Add pre-tax deductions (401k, health insurance).
- 4View net pay with full tax breakdown.
Frequently Asked Questions
How is my paycheck calculated?▾
Start with gross pay, subtract federal income tax (based on brackets), FICA (7.65%), state tax, and pre-tax deductions like 401k and health insurance.
What percentage of my paycheck goes to taxes?▾
For most workers, about 22-35% goes to taxes (federal + FICA + state). Your effective rate depends on income and filing status.
How does 401k affect my paycheck?▾
401k contributions are pre-tax, reducing your taxable income. A $200/paycheck 401k contribution saves you roughly $50-70 in taxes.
About Paycheck Calculator
Free paycheck calculator for US workers. Enter gross pay and frequency, select filing status, add state tax rate and pre-tax deductions (401k, health insurance). See net pay with detailed breakdown of federal tax, FICA, state tax, and deductions. Includes annual projection.
NexTool's Paycheck Calculator is completely free to use with no sign-up required. Your data is processed directly in your browser and never sent to our servers, ensuring complete privacy and instant results.
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