Salary Calculator
Calculate take-home pay with federal and state tax deductions
Input & options
Your inputs are never uploaded or stored.
Uses the original 2024 US tax brackets and Social Security wage cap. Estimates are not a payroll calculation for the current tax year.
Results
Enter your values to see the result.
About Salary Calculator
Our free salary calculator helps you understand exactly how much of your paycheck you take home after federal income tax, Social Security, Medicare, and state taxes. Compare a job offeragainst your current pay, see what a raiseadds after tax, or plan a monthly budgetfrom real take-home figures. Results cover every pay period: annual, monthly, biweekly, weekly, daily, and hourly.
The calculator uses the official 2024 U.S. federal income tax brackets with correct progressive (marginal) taxation. This means each portion of your income is taxed at the appropriate rate for its bracket, not at a single flat rate. It also calculates Social Security contributions (6.2% up to the $168,600 wage base) and Medicare tax (1.45% plus the 0.9% Additional Medicare Tax on income over $200,000). You can enter your state tax rate manually to account for any state income tax.
Your salary and tax details are never uploaded. This tool is designed for U.S.-based salary estimation and does not account for pre-tax deductions such as 401(k) contributions, health insurance premiums, or other employer-specific withholdings.
Key Features
- Three Input Modes: Enter your compensation as an annual salary, hourly rate, or monthly salary and the calculator converts it automatically
- 2024 Federal Tax Brackets: Uses the official IRS progressive tax brackets for Single, Married Filing Jointly, Married Filing Separately, and Head of Household filing statuses
- Social Security Tax: Calculates the 6.2% FICA contribution up to the 2024 wage base limit of $168,600
- Medicare Tax: Includes the standard 1.45% rate plus the 0.9% Additional Medicare Tax on earned income exceeding $200,000
- State Tax: Accepts a user-entered state income tax rate for any state, with guidance on no-income-tax states
- Complete Pay Period Breakdown: Shows gross, deductions, and net pay for annual, monthly, biweekly, weekly, daily, and hourly periods
- Federal Bracket Breakdown: Displays exactly how much income falls in each tax bracket and the tax owed per bracket
- Effective Tax Rate: Calculates your overall effective tax rate including all federal, Social Security, Medicare, and state taxes combined
- Marginal Tax Rate: Shows your highest federal tax bracket rate so you know what rate applies to your next dollar of income
- Visual Income Allocation: A color-coded bar shows the proportion of your income going to take-home pay versus each type of tax
- Customizable Work Schedule: Adjust hours per week and weeks per year for accurate hourly rate and period calculations
How to Use the Salary Calculator
- Select your input mode: Choose between Annual Salary, Hourly Rate, or Monthly Salary tabs depending on how your compensation is structured.
- Enter your pay: Type your gross salary or hourly rate in the input field.
- Adjust work hours: If applicable, set your hours per week and weeks per year. The defaults are 40 hours and 52 weeks for full-time employment.
- Choose your filing status: Select the IRS filing status that applies to your tax situation (Single, Married Filing Jointly, Married Filing Separately, or Head of Household).
- Enter your state tax rate: Input your state income tax rate as a percentage. Use 0 for states with no income tax.
- Click Calculate: View your complete results including pay summary, tax breakdown, pay period comparison, bracket details, and visual allocation chart.
Understanding US Federal Tax Brackets (2024)
The United States uses a progressive tax system where your income is divided into segments called brackets, and each bracket is taxed at a different rate. The 2024 federal income tax rates are 10%, 12%, 22%, 24%, 32%, 35%, and 37%. A common misconception is that moving into a higher bracket means all your income is taxed at the higher rate. In reality, only the income within that specific bracket is taxed at the higher rate -- your lower-bracket income remains taxed at the lower rates.
For example, a single filer earning $60,000 in 2024 would pay 10% on the first $11,600, then 12% on income from $11,600 to $47,150, and 22% on income from $47,150 to $60,000. The total federal tax would be $1,160 + $4,266 + $2,827 = $8,253, resulting in an effective federal tax rate of approximately 13.76% -- far less than the 22% marginal rate.
Use Cases
- Job Offer Evaluation: Compare two job offers side-by-side by calculating the take-home pay for each salary to understand the real difference in net income.
- Salary Negotiation: Understand how a raise translates to actual take-home pay. A $10,000 raise at the 22% bracket yields roughly $7,800 more after taxes.
- Freelancer Hourly Rate Planning: If you are switching from salaried to hourly work, use the calculator to determine what hourly rate you need to match your current take-home pay.
- Budget Planning: Use the monthly and biweekly net pay figures to build an accurate household budget based on actual take-home income.
- Relocation Decisions: Compare take-home pay across different states by adjusting the state tax rate to see how moving to a no-income-tax state would affect your finances.
- Contract vs. Full-Time: Evaluate whether a contract rate covers the additional self-employment taxes and benefits costs compared to a full-time salary.
- Retirement Planning: Estimate how much of your salary is available for savings and investments after tax obligations.
Frequently Asked Questions
How accurate is this salary calculator?
This calculator uses the official 2024 IRS federal tax brackets and standard FICA rates. It provides an accurate estimate of federal and state tax withholding for employment income. However, it does not account for pre-tax deductions (401k, HSA, health insurance), tax credits, itemized deductions, or local taxes, which can significantly affect your actual take-home pay.
What is the difference between marginal and effective tax rate?
Your marginal tax rate is the rate applied to your last dollar of income -- it is your highest tax bracket. Your effective tax rate is your total tax divided by total income, representing the average rate across all brackets. The effective rate is always lower than the marginal rate due to progressive taxation.
Does this calculator include state taxes?
Yes. You can enter your state income tax rate as a flat percentage. Seven states have no income tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. New Hampshire and Tennessee only tax interest and dividend income, not wages.
What is the Social Security wage base?
For 2024, Social Security tax (6.2%) applies only to the first $168,600 of earned income. Any income above this threshold is not subject to Social Security tax, though it is still subject to Medicare tax.
What is the Additional Medicare Tax?
The Additional Medicare Tax is an extra 0.9% tax on earned income exceeding $200,000 for single filers (or $250,000 for married filing jointly). This is in addition to the standard 1.45% Medicare tax, bringing the total Medicare rate to 2.35% on income above the threshold.
Can I use this for self-employment income?
This calculator is designed for W-2 employment income. Self-employed individuals pay both the employee and employer portions of Social Security and Medicare (totaling 15.3% up to the wage base), which is not reflected here. Use a dedicated self-employment tax calculator for 1099 income.
Tips and Best Practices
- Compare net, not gross: When evaluating job offers, always compare take-home pay after taxes. A higher gross salary in a high-tax state may yield less net income than a lower salary in a no-tax state.
- Factor in benefits: Remember that this calculator shows tax deductions only. Employer benefits like health insurance, 401(k) matching, and paid time off have significant monetary value that should be factored into compensation comparisons.
- Maximize pre-tax contributions: Contributing to a 401(k) or HSA reduces your taxable income, potentially moving you to a lower tax bracket and reducing your effective tax rate.
- Know your state rate: State income tax rates vary widely from 0% to over 13%. Look up your specific state rate for the most accurate calculation.
- Use biweekly for budgeting: If you are paid biweekly (26 paychecks per year), use the biweekly net figure for budgeting rather than dividing monthly by two, as biweekly pay results in two extra paychecks per year compared to semi-monthly.
- Review annually: Tax brackets are adjusted annually for inflation. Recalculate your take-home pay each year when new brackets are published to maintain an accurate budget.