Take-Home Pay Calculator
See your net pay after federal income tax and FICA. Estimates 2024 US federal annual & monthly take-home pay, excludes state tax; not tax advice.
Calculator by Toolsloft ↗- Annual take-home
- $64,439.00
- Monthly take-home
- $5,369.92
- Federal tax
- $9,441.00
- FICA
- $6,120.00
Enter your annual salary and filing status to estimate your net pay after federal income tax and FICA, shown as both annual and monthly take-home figures. Use it for a quick read on what actually lands in your bank account, keeping in mind it excludes state and local taxes.
How this is calculated
It subtracts the 2024 standard deduction for your filing status, runs the result through the 2024 progressive federal income tax brackets, and subtracts FICA (Social Security at 6.2% up to the wage base and Medicare at 1.45%, plus the 0.9% surtax above $200,000) from gross salary to reach net pay.
How to use
- Enter your annual salary.
- Choose your filing status (single, married, or head of household).
- Read your estimated annual and monthly take-home pay.
Examples
- $80k single:
80000 → annual take-home 64439, monthly 5369.92 - Federal + FICA:
federal tax 9441, FICA 6120
FAQ
- What taxes does this calculator include?
- Only 2024 US federal income tax and FICA (Social Security and Medicare). It excludes state and local taxes, so your actual take-home pay may be lower.
- How is federal income tax estimated?
- Your salary minus the 2024 standard deduction for your filing status is taxed using the 2024 progressive federal brackets. This is an estimate, not tax advice.
- What is FICA?
- FICA is the employee share of Social Security (6.2% up to the wage base) and Medicare (1.45%, plus 0.9% above $200,000). This is a disclaimer-only estimate, consult a tax professional for advice.