About These Calculators
Our salary and paycheck calculators are designed to give you accurate estimates of your after-tax income. Whether you're negotiating a new job offer, planning a budget, or considering a raise, these tools help you make informed financial decisions.
Each calculator uses 2026 federal tax brackets, current Social Security and Medicare rates, and state tax approximations to provide realistic estimates. Remember that actual taxes may vary based on deductions, credits, and other factors specific to your situation.
Understanding Your Paycheck
Your gross pay—the amount before taxes and deductions—is reduced by several mandatory withholdings. Federal income tax is withheld based on your filing status and income level using progressive tax brackets. Social Security tax is 6.2% of wages up to the annual cap, while Medicare tax is 1.45% with no cap. Many states also impose income tax, which varies significantly by location.
Additional deductions like 401(k) contributions, health insurance premiums, and flexible spending account contributions further reduce your take-home pay. Our calculator accounts for pre-tax 401(k) contributions by default.
Tax Brackets Explained
The U.S. uses a progressive tax system with multiple tax brackets. In 2026, federal income tax rates range from 10% for the lowest earners to 37% for the highest. It's important to note that these are marginal rates—your entire income isn't taxed at the highest rate. Instead, each portion of your income within a bracket is taxed at that bracket's rate. Our calculator applies these brackets correctly to give you an accurate federal tax estimate.
Frequently Asked Questions
How accurate are these calculators?
These calculators provide estimates based on 2026 federal and simplified state tax rates. Actual taxes depend on many factors including itemized vs. standard deductions, credits, and state-specific rules. Consult a tax professional for precise tax planning.
Do you include all deductions?
Our main calculator assumes standard deductions and pre-tax 401(k) contributions. It doesn't account for itemized deductions, dependent credits, or other specialized adjustments.
What about state taxes?
We include simplified state tax rates for major states. If your state isn't listed or you have special circumstances, please select the closest option or research your specific state's tax rate.
Does this include bonuses?
Yes—our bonus tax calculator estimates taxes on supplemental wages using either a flat 22% federal rate or aggregate withholding method.
Is this for 1099 contractors or self-employed?
These calculators are designed for W-2 employees. Self-employed income requires additional calculations including self-employment tax. Consult a tax professional for 1099 situations.