Take Home Pay Calculator 2025

Free paycheck calculator to calculate your take-home pay after federal taxes, state taxes, FICA, Medicare, and pre-tax deductions. See exactly how much lands in your bank account each pay period.

TRY EXAMPLE SCENARIO:

Income Information

Tax Information

More allowances = less withholding per paycheck
Extra federal tax to withhold per paycheck (optional)

Pre-Tax Deductions (Optional)

Percentage of gross pay (2025 limit: $23,500/year)
Health Savings Account (2025 limit: $4,300 individual)
FSA, commuter benefits, etc.

Understanding Your Paycheck

Your paycheck includes multiple deductions that reduce your take-home pay. Understanding these helps you budget effectively.

Federal Taxes (2025)

  • Federal Income Tax: Progressive rates from 10% to 37%
  • Social Security: 6.2% up to $176,100 wage base
  • Medicare: 1.45% on all income
  • Additional Medicare: 0.9% over $200K (single)

Pre-Tax Deductions

  • 401(k): Reduces taxable income, saves on taxes now
  • HSA: Triple tax advantage (deduction, growth, withdrawals)
  • FSA: Health/dependent care with pre-tax dollars

2025 Contribution Limits

  • 401(k): $23,500 ($31,000 if 50+)
  • HSA: $4,300 individual / $8,550 family
  • FSA: $3,300 healthcare

Paycheck Tips

  • 401(k): Contribute to lower taxable income
  • HSA: Max out for tax-free medical savings
  • W-4: Adjust allowances to fine-tune withholding
  • Pay stub: Check regularly for accuracy
  • Benefits: Review during open enrollment

This calculator provides estimates for federal taxes only. State/local taxes, disability insurance, and other deductions may apply. Consult your HR department or tax professional for personalized advice.

Your Paycheck Breakdown

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Deductions Per Paycheck

Paycheck Breakdown

Annual Estimates

Annual Income Distribution

Frequently Asked Questions (FAQ)

Why is my paycheck lower than I expected? ▼

Your "Net Pay" is lower than your gross salary because of withholdings. These include Federal Income Tax, FICA taxes (Social Security & Medicare), and potentially state taxes, health insurance premiums, and 401(k) contributions.

What is FICA? ▼

FICA stands for the Federal Insurance Contributions Act. It mandates a 6.2% tax for Social Security and a 1.45% tax for Medicare, withheld directly from your paycheck.

How can I increase my take-home pay? ▼

You can adjust your W-4 form with your employer. If you typically get a large tax refund, you may be withholding too much. Adjusting your withholdings can give you more money in each paycheck, though your annual refund will be smaller.