Tax

Tax calculator

Paycheck Calculator

Calculate your take-home pay after federal income tax and FICA (Social Security + Medicare) withholding. See how much goes to taxes from each paycheck.

Updated 5 June 2026No sign-in requiredEstimate only
Estimates only — not financial, tax, or professional advice.

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401(k), health insurance, FSA, etc. Reduces taxable income.

Net Take-Home Pay Per Paycheck

$2,092.60

After federal income tax, FICA, and pre-tax deductions.

Gross Pay Per Paycheck

$2,500.00

Before any deductions.

Federal Income Tax Per Paycheck

$216.15

Estimated federal income tax withholding based on 2026 brackets.

FICA (SS + Medicare) Per Paycheck

$191.25

Social Security (6.2%) + Medicare (1.45%) employee share.

Federal Effective Tax Rate

8.6

Actual federal income tax as % of gross salary.

Annual Take-Home Pay

$54,407.50

Total net pay for the year after all modeled deductions.

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Estimate only — not financial advice; lender terms, fees, and taxes vary. Read the full disclaimer ↓

Where Your Paycheck Goes

Add your numbers to see the visual breakdown.

Paycheck Breakdown

How one paycheck and the full year split between take-home pay, federal income tax, FICA, and pre-tax deductions, using the same 2026 rules as the calculator.

Line itemPer paycheckPer year
Gross pay$2,500$65,000
Federal income tax$216$5,620
FICA (SS + Medicare)$191$4,973
Take-home pay$2,093$54,408

How It Works

Federal income tax is estimated using 2026 marginal tax brackets applied after the standard deduction.

Net = Gross − Federal Income Tax − FICA − Pre-tax Deductions | FICA = 6.2% SS + 1.45% Medicare
  • FICA withholding: Social Security at 6.2% on wages up to $184,500 (2026 wage base); Medicare at 1.45% on all wages (+ 0.9% Additional Medicare Tax above $200,000).
  • Pre-tax deductions (401k, HSA, health insurance) reduce taxable income before calculating federal income tax.
  • State income taxes, local taxes, and voluntary deductions (life insurance, voluntary retirement beyond 401k) are not included.

Worked Example

$65,000 salary, bi-weekly pay, single filer, no pre-tax deductions.

Gross per check

$65,000 / 26 = $2,500

Standard deduction

$16,100 (single, 2026)

Taxable income

$65,000 − $16,100 = $48,900

Federal income tax

~$5,620/year → ~$216/check

FICA (7.65%)

$65,000 × 7.65% = ~$4,973/year → ~$191/check

Net per check

~$2,093/check (~$54,408/year)

A $65,000 salary yields approximately $2,093 bi-weekly after federal income tax and FICA, or about $54,408/year take-home before any state tax.

Your Paycheck: Two Taxes, and What Is Left

Two different taxes leave every check

The gap between your salary and your take-home pay is mostly two federal taxes that work very differently. Federal income tax is progressive — your standard deduction comes off first, then the rest is taxed in layers. FICA is flat — 6.2% for Social Security on wages up to the annual wage base, plus 1.45% for Medicare on all wages.

This tool models those largest federal pieces from your salary, pay frequency, filing status, and pre-tax deductions. It is the answer to "why is my paycheck smaller than my salary divided by the number of pay periods" — and a useful check when weighing a job offer.

Why marginal brackets make your real rate lower

A common belief is that take-home equals salary minus your top bracket. It does not. Because the standard deduction comes off first and each bracket taxes only the dollars inside it, your effective income-tax rate is always well below your top marginal rate — often in the single digits for middle incomes.

The effective rate this tool shows is federal income tax as a share of gross salary. It is the right number for comparing scenarios, but remember FICA and any state tax sit on top of it.

Pre-tax deductions shrink the tax, not just the check

A traditional 401(k) or HSA contribution is taken out before income tax is calculated, so it lowers your taxable income — that is what makes these "pre-tax" and tax-advantaged. Running a higher figure through the pre-tax field shows how a bigger contribution trims today’s tax while still building savings.

It is one of the few levers that helps you twice: more money set aside for the future and a smaller tax bill now.

What is missing: state tax and the rest of the stub

This estimate is federal only. In a state with no income tax your real check will be close to the figure shown; in a high-tax state it can be noticeably lower. It also excludes credits like the Child Tax Credit, itemized deductions, and voluntary deductions such as insurance premiums.

If your refund or bill at tax time is consistently large, your withholding is off — updating your W-4 with your employer is the lever that changes how much each check holds back.

A planning estimate, not a pay stub

The figures use 2026 federal brackets and the standard deduction and model the major pieces, so your actual stub will differ in the details. Use it to plan and compare, not as a filing document.

For an exact withholding figure, the IRS Tax Withholding Estimator works from your real W-4, and a tax professional can account for your full situation.

Assumptions & Best Uses

  • Uses 2026 federal tax brackets and $16,100/$32,200 standard deduction (single/MFJ). Tax rules change annually — verify current figures with the IRS (irs.gov).
  • Tax is calculated as if the taxpayer takes the standard deduction — does not model itemized deductions.
  • No tax credits (child tax credit, EITC, etc.) are applied.

Limitations

  • State income taxes are not included (range from 0% to 13.3%).
  • Local/city taxes (NYC, Philadelphia, etc.) are not included.
  • Actual employer withholding may differ based on W-4 allowances and exemptions.

Frequently Asked Questions

What is FICA withholding?

FICA (Federal Insurance Contributions Act) covers Social Security (6.2% of wages up to $184,500 in 2026) and Medicare (1.45% on all wages, plus 0.9% additional for wages above $200,000). These fund Social Security retirement benefits and Medicare health insurance. Employers match these amounts, contributing an additional 7.65% on their end.

Why is my paycheck less than my salary divided by pay periods?

Your paycheck is reduced by federal income tax, FICA (Social Security + Medicare), state income tax (if applicable), and any voluntary deductions you elected (health insurance, 401k, dental, etc.). Together these typically reduce gross pay by 25–40%, depending on income and deductions.

What is the standard deduction for 2026?

The 2026 standard deduction is: Single and Married Filing Separately: $16,100; Married Filing Jointly: $32,200; Head of Household: $24,150. Taxpayers 65+ or blind get an additional amount. The standard deduction is taken in lieu of itemizing deductions, and these figures are adjusted annually — verify the current year with the IRS.

How do pre-tax deductions reduce my taxes?

Pre-tax deductions (traditional 401k, health/dental/vision premiums, HSA, FSA) are subtracted from gross pay before calculating federal income tax. This reduces your taxable income dollar-for-dollar. A $500/month pre-tax 401k contribution reduces your taxable income by $6,000/year, saving ~$720–$1,320 in federal taxes (12–22% bracket).

Why is my effective tax rate lower than my tax bracket?

Tax brackets are marginal, meaning each rate applies only to the income that falls within that band. A single filer in the 22% bracket pays 10% on the first slice of taxable income, 12% on the next, and 22% only on the portion above the 12% threshold. After the standard deduction, the blended (effective) rate is usually well below the top bracket — often in the single digits for middle incomes.

Does this calculator include state income tax?

No. It estimates federal income tax and FICA only. Nine states have no broad income tax, while others range up to roughly 13%. If you live in a state with income tax, subtract that separately, or expect your real take-home pay to be somewhat lower than the figure shown here.

Sources & References

Figures on this page are checked against primary, authoritative sources. Links open in a new tab.

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Tax disclaimer

Tax rules vary by country, state, tax year, filing status, income type, deductions, and exemptions. This calculator is educational and uses the values you enter. Always verify final tax treatment with official sources or a qualified tax professional.

Built and maintained by Calculator Matters, an independent calculator project. Method checked against published formulas and primary sources · Last reviewed 5 June 2026 · How we calculate · Found an error? corrections@calculatormatters.com