Paycheck Calculator

Calculate take-home pay after taxes and deductions

$
$
Per pay period (health insurance, retirement, etc.)
$
$
Per pay period (health insurance, retirement, etc.)

About Paycheck Calculator

The Paycheck Calculator helps you estimate your take-home pay after taxes and deductions. It supports both hourly wage and annual salary calculations, with options for overtime and different pay frequencies.

How to Use This Calculator

Hourly Wage Calculation

For hourly employees:

  1. Enter your hourly rate
  2. Input your regular hours per week
  3. Add any overtime hours
  4. Select the overtime multiplier (typically 1.5×)
  5. Choose your pay frequency
  6. Select a tax rate approximation or enter a custom rate
  7. Add any additional deductions (like health insurance, retirement)
  8. Click "Calculate Pay" to see your estimated take-home pay

Salary Calculation

For salaried employees:

  1. Enter your annual salary
  2. Select your pay frequency
  3. Choose a tax rate approximation or enter a custom rate
  4. Add any additional deductions
  5. Click "Calculate Pay" to see your estimated take-home pay

Pay Frequency Definitions

  • Weekly: Paid once per week (52 paychecks per year)
  • Bi-weekly: Paid every two weeks (26 paychecks per year)
  • Semi-monthly: Paid twice per month, typically on the 15th and last day (24 paychecks per year)
  • Monthly: Paid once per month (12 paychecks per year)

Understanding Your Paycheck

Hourly Wage Calculation:

  • Regular Pay = Hourly Rate × Regular Hours
  • Overtime Pay = Hourly Rate × Overtime Multiplier × Overtime Hours
  • Gross Pay = Regular Pay + Overtime Pay
  • Tax Withholding = Gross Pay × Tax Rate
  • Net Pay = Gross Pay - Tax Withholding - Additional Deductions

Salary Calculation:

  • Gross Pay Per Period = Annual Salary ÷ Number of Pay Periods
  • Tax Withholding = Gross Pay × Tax Rate
  • Net Pay = Gross Pay - Tax Withholding - Additional Deductions

Note:

This calculator provides an estimate only. Actual take-home pay may vary based on:

  • Federal, state, and local tax brackets
  • Tax deductions and credits
  • Retirement plan contributions
  • Health insurance premiums
  • Other pre-tax and post-tax deductions

For accurate tax calculations, consult with a tax professional or use official tax calculators.

Back to All Calculators
Share: