How to Calculate Your Salary After Tax
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Your gross salary is not what you take home. Federal tax, state tax, FICA, and benefits all reduce your paycheck.
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Step-by-Step Guide
- Start with gross annual salary
- Subtract pre-tax deductions (401k, HSA, health insurance)
- Apply standard deduction ($14,600 single, $29,200 married)
- Calculate federal tax using brackets
- Subtract FICA (7.65%)
- Subtract state income tax (varies by state)
Frequently Asked Questions
Gross vs net salary?
Gross is total pay before deductions. Net is what hits your bank account.
How much tax is taken?
Typically 20-30%: 12-22% federal, 7.65% FICA, plus 0-13% state.
States with no income tax?
Alaska, Florida, Nevada, South Dakota, Texas, Washington, Wyoming.
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