Paycheck Calculator
See your real take-home pay after taxes and deductions.
How Salary Paycheck Is Calculated
Formula: Gross Salary − Pre-Tax Deductions − Federal Tax − FICA − State Tax = Take-Home Pay
Federal income tax uses progressive brackets. Only income above each threshold is taxed at the higher rate. The standard deduction for 2026 is $15,000.00.
Understanding Your Paycheck
Your paycheck is more than just a number. It reflects a complex calculation involving federal income tax brackets, FICA contributions (Social Security at 6.2% + Medicare at 1.45%), state taxes, and any pre-tax deductions like 401(k) or HSA contributions.
Pre-tax deductions are powerful. A $6,000 annual 401(k) contribution doesn't reduce your paycheck by $6,000. It reduces your taxable income, so you save on taxes too. Tools like Gusto Payroll — Try Gusto → make it easy for employers to set up these deductions correctly.
Understanding the difference between your gross and net pay helps you budget realistically, negotiate salary offers, and maximize your retirement contributions.