Paycheck Calculator
Calculate your net take-home pay after federal tax, state tax, and FICA deductions.
Net Monthly Pay
$4,832
$2,230/biweekly · $57,980/year
| Category | Annual | Monthly |
|---|---|---|
| Gross Salary | $75,000 | $6,250 |
| Federal Income Tax | -$8,341 | -$695 |
| State Income Tax (California) | -$2,941 | -$245 |
| Social Security | -$4,650 | -$388 |
| Medicare | -$1,088 | -$91 |
| Total Tax | -$17,020 | -$1,418 |
| Net Take-Home | $57,980 | $4,832 |
How This Is Calculated
This paycheck calculator estimates your net take-home pay by applying federal income tax, state income tax, and FICA (Social Security and Medicare) to your gross annual salary.
Federal income tax is calculated using IRS 2024 progressive tax brackets (Publication 15-T). Your taxable income equals gross salary minus the standard deduction ($14,600 for single filers, $29,200 for married filing jointly).
State income tax depends on your state. Some states use a flat rate (e.g., Colorado at 4.40%), others have progressive brackets (e.g., California up to 13.3%), and seven states — Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, and Washington — have no state income tax.
FICA consists of Social Security (6.2% on wages up to $168,600) plus Medicare (1.45% on all wages, plus 0.9% Additional Medicare Tax on earnings above $200,000 for single filers or $250,000 for married filing jointly).
Based on IRS 2024 federal tax brackets (Publication 15-T) and published state tax rates. Standard deduction applied: $14,600 single / $29,200 married joint. FICA: 6.2% Social Security up to $168,600 wage base + 1.45% Medicare (+ 0.9% Additional Medicare above $200K single).
Frequently Asked Questions
How is take-home pay calculated?
Take-home pay is your gross salary minus federal income tax, state income tax, and FICA (Social Security + Medicare). Federal tax uses progressive brackets from IRS Publication 15-T. State tax varies by state — some have flat rates, some use brackets, and seven states have no income tax at all.
What is the difference between effective and marginal tax rate?
Your effective tax rate is total tax divided by gross income — the average rate you actually pay. Your marginal tax rate is the rate on your last dollar of income — the highest bracket you reach. For example, a single earner making $100,000 has a marginal federal rate of 22% but an effective rate closer to 16%.
How much is taken out for FICA?
FICA consists of Social Security (6.2% on income up to $168,600) and Medicare (1.45% on all income). If you earn over $200,000 (single) or $250,000 (married jointly), an additional 0.9% Medicare surtax applies to earnings above that threshold.
Which states have no income tax?
As of 2024, seven states have no individual income tax: Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming. This can mean a significant difference in take-home pay compared to high-tax states like California or New York.
Does this calculator account for deductions and credits?
This calculator uses the standard deduction ($14,600 for single, $29,200 for married filing jointly in 2024). It does not account for itemized deductions, tax credits, pre-tax retirement contributions (401k, HSA), or other adjustments. Your actual take-home pay may be higher if you contribute to pre-tax accounts.
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⚠️ Estimates only. Actual tax depends on deductions, credits, and personal circumstances. Consult a tax professional.