Salary Calculator
Estimate your take-home pay by calculating net salary after taxes and deductions. Simple and free!
Salary Details
Deductions
Net Pay Summary
Understanding Salary Deductions
Calculating your net pay can be complicated due to various deductions.
1. Federal Withholding
Federal income tax varies based on filing status and can be estimated using IRS tax brackets.
2. State Withholding
State income taxes differ by state and can significantly affect your net pay.
3. FICA Taxes
FICA consists of Social Security tax (6.2%) and Medicare tax (1.45%).
4. Retirement Contributions
Contributions to retirement accounts reduce your taxable income now, but you'll pay taxes later when you withdraw!
Frequently Asked Questions
How are salary taxes calculated?
Salary taxes are calculated based on federal and state tax brackets, which can differ significantly. Social Security and Medicare must also be included in calculations when estimating net pay.
What is the standard deduction?
The standard deduction varies by filing status and reduces your taxable income, lowering your overall tax burden. For 2025, it is $13,850 for single filers and $27,700 for married filing jointly.
What is the difference between gross and net salary?
Gross salary is the total amount earned before any deductions. Net salary is the amount you take home after all deductions, including federal and state taxes, FICA, and retirement contributions.
Calculate Your Taxes Accurately
Understanding your take-home pay is essential for effective financial planning. Use our other calculators for a full picture.