Finance Tools

Paycheck Calculator

Calculate your take-home pay with taxes and deductions

Income Details

Enter your gross pay and pay frequency

$
Each allowance reduces taxable income by ~$4,300
Pre-Tax Deductions (reduces taxable income)
%
$
$
2024 limit: $4,150 individual / $8,300 family
$
2024 limit: $3,200
Post-Tax Deductions (does not reduce taxes)
%
Contributions are after-tax, growth is tax-free
$
Life insurance, disability, union dues, etc.

Paycheck Breakdown

Visual breakdown of where your money goes

Calculate your paycheck first to see the breakdown

Annual Projections

Your yearly income and tax summary

Calculate your paycheck first to see annual projections

Scenario Comparison

Compare different salary or deduction scenarios

$
$
%
%

2024 Federal Tax Brackets

Single filers

Tax Rate Income Range Tax Owed
10% $0 - $11,600 10% of income
12% $11,601 - $47,150 $1,160 + 12% over $11,600
22% $47,151 - $100,525 $5,426 + 22% over $47,150
24% $100,526 - $191,950 $17,168 + 24% over $100,525
32% $191,951 - $243,725 $39,110 + 32% over $191,950
35% $243,726 - $609,350 $55,678 + 35% over $243,725
37% $609,351+ $183,647 + 37% over $609,350

FICA Taxes (2024)

Social Security and Medicare

6.2%
Social Security
Wage base limit: $168,600. You stop paying Social Security tax once your wages exceed this amount.
1.45%
Medicare
No wage limit. Additional 0.9% Medicare tax applies to wages over $200,000 (single) or $250,000 (married).

2024 Contribution Limits

Retirement and savings accounts

401(k) Employee Contribution $23,000
401(k) Catch-up (Age 50+) +$7,500
HSA (Self-only coverage) $4,150
HSA (Family coverage) $8,300
Healthcare FSA $3,200
Dependent Care FSA $5,000

Standard Deductions (2024)

Reduces your taxable income

$14,600
Single
$29,200
Married Filing Jointly
$21,900
Head of Household