Finance

Paycheck Calculator

Estimate your take-home pay after taxes, Social Security, and Medicare for 2024.

2024 Rates:
Social Security: 6.2% (up to $168,600)
Medicare: 1.45% (+ 0.9% over $200k single)
Federal: 10%-37% progressive brackets

Understanding Your Paycheck

Your gross pay is reduced by several mandatory deductions before you receive your net (take-home) pay: federal income tax, state income tax, Social Security (FICA), Medicare, and any voluntary deductions like 401(k) contributions or health insurance.

2024 Federal Tax Brackets (Single)

BracketRate
$0 – $11,60010%
$11,601 – $47,15012%
$47,151 – $100,52522%
$100,526 – $191,95024%
$191,951 – $243,72532%
$243,726 – $609,35035%
$609,351+37%