Financial Toolset
income

Take-Home Pay

Net income after taxes and deductions

Also known as: take home pay, net pay, after-tax pay

What You Need to Know

Take-home pay, also called net pay, is the amount of money an employee receives after all taxes, retirement contributions, insurance premiums, and other deductions are subtracted from gross pay. It represents the actual amount deposited into the employee's bank account.

Sources & References

This information is sourced from authoritative government and academic institutions:

  • irs.gov

    https://www.irs.gov/businesses/small-businesses-self-employed/understanding-employment-taxes

  • dol.gov

    https://www.dol.gov/general/topic/wages

Related Calculators & Tools

Put your knowledge into action with these interactive tools:

Payroll Calculator

Calculate exact take-home pay after federal, state taxes, 401(k), health insurance, and all deductions

Try Calculator →
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