Payroll Calculator: Calculate Your Take-Home Pay
Calculate your exact take-home pay after all taxes and deductions. Includes federal, state, local taxes, 401(k), health insurance, and all payroll deductions.
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Total Income
$92k
Total Tax Owed
$20.5k
22.3% effective rate
Monthly Take-Home
$6.0k
Owed
$5,474
Based on withholding
Quick Scenarios
Income Sources
Pre-Tax Contributions (Reduce AGI)
Adjusted Gross Income (AGI): $79,000
Pre-tax contributions saved you $2860 in taxes
Deductions
Standard deduction: $14,600
Tax Credits (Dollar-for-Dollar Savings)
Withholding & Estimated Payments
Paycheck Deductions
Capital Gains Tax Calculator
No capital gains assets added
Click "Add Asset" to calculate capital gains tax
Paycheck Stub Preview
Bi-weekly | Pay Period: Oct 30, 2025
Earnings
Pre-Tax Deductions
Taxes
Gross This Period
$2,885
Total Deductions
$1,490
Net This Period
$1,394
Take-Home %
48.3%
Of your gross pay, $2,885, you take home $1,394.
Total Deductions
$1,490
Taxes: $740 | Pre-tax: $750
Annual vs Paycheck
Annual: $75,000
Bi-weekly: $2,885
26 paychecks per year
Understanding FICA (Federal Insurance Contributions Act)
Social Security Tax (6.2%)
Funds Social Security retirement, disability, and survivor benefits. Maximum taxable earnings: $176,100 (2025). You'll stop paying this tax once you hit the cap.
Medicare Tax (1.45%)
Funds Medicare health insurance for seniors. No wage cap - you pay 1.45% on all earnings.
Pay Frequency Comparison
Same annual salary ($75,000) with different pay schedules:
Weekly
$582
52 paychecks/year
Bi-weekly
$1,394
26 paychecks/year
Semi-monthly
$1,530
24 paychecks/year
Monthly
$3,291
12 paychecks/year
Note: Net pay per period varies, but annual take-home is the same regardless of frequency.
Key Financial Terms
Understand the essential concepts behind this calculator
401(k)
An employer-sponsored retirement account where you contribute pre-tax income, often with employer matching.
AGI (Adjusted Gross Income)
Your total gross income minus specific deductions, used to determine tax liability and eligibility for credits.
After-Tax Income
Your take-home pay after federal, state, and payroll taxes are deducted—the actual money you can spend.
Effective Tax Rate
Your actual tax rate—total taxes paid divided by total income. Lower than marginal rate because of brackets and deductions.
Frequently Asked Questions
Common questions about the Payroll Calculator: Calculate Your Take-Home Pay
📚 Tax Rate Sources
Ordinary income is taxed at graduated rates from 10% to 37% based on filing status and income level.
→ Source: IRS - Federal Income Tax Rates and Brackets
• Short-term capital gains (assets held ≤1 year): Taxed at ordinary income rates (10-37%)
• Long-term capital gains (assets held >1 year): 0%, 15%, or 20% based on income
→ Source: IRS Topic 409 - Capital Gains and Losses
State income tax rates vary from 0% (no state income tax) to 13.3% (California top rate).
→ Source: Tax Foundation - State Income Tax Rates
Qualified dividends are taxed at the same preferential rates as long-term capital gains (0%, 15%, or 20%).
→ Source: IRS Topic 404 - Dividends
Note: Tax laws change frequently. These rates are current as of 2025. Always consult a tax professional for personalized advice.
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⚠️ Important Disclaimer
This Payroll Calculator: Calculate Your Take-Home Pay provides estimates for educational and informational purposes only. Actual results may vary significantly based on individual circumstances, market conditions, regulatory changes, and other factors beyond the scope of this calculator.
The calculations and projections provided are based on assumptions and historical data that may not reflect future performance.Past performance does not guarantee future results.
This tool is not financial advice, tax advice, legal advice, or investment advice. For personalized guidance tailored to your specific situation, please consult with qualified professionals including:
- Certified Financial Planner (CFP)
- Certified Public Accountant (CPA) for tax matters
- Licensed attorney for legal matters
- Registered Investment Advisor (RIA) for investment decisions
Data Accuracy: All data sources, statistics, and rates were verified as accurate as of October 2025. Tax rates, market conditions, and other financial data change over time. Always verify current rates and consult official sources.
No Warranties: While we strive for accuracy, we make no warranties or guarantees regarding the accuracy, completeness, or reliability of any information provided. Use this tool at your own risk.