Salary Calculator
Estimate your US take-home pay after federal tax and FICA, and convert between hourly, weekly, monthly and annual pay.
Your numbers
Estimated take-home pay
$5,309 / mo
Gross (annual)
$85,000
Total tax (annual)
$21,294
Annual tax breakdown
Estimate for US tax year 2024 (federal brackets + FICA). Excludes tax credits, local taxes and state-specific rules; state is applied as the flat rate you enter.
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See accountsThis salary calculator estimates your take-home pay for the 2024 US tax year using the real IRS federal brackets, the standard deduction and FICA (Social Security and Medicare). Enter any pay period — hourly, weekly, monthly or annual — and it converts to an equivalent salary and net pay.
It's an estimate, not a payslip: it excludes tax credits, itemized deductions and the many state-specific rules, so state tax is applied as a flat rate you enter. For an exact figure, check with your employer or a tax professional.
- FICA is 7.65% (6.2% Social Security up to the annual wage base, plus 1.45% Medicare) on top of income tax.
- Pre-tax contributions like a 401(k) or HSA lower your taxable income — and your take-home — but build savings.
- Effective tax rate is your total tax divided by gross pay; it's always lower than your top bracket.
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How is take-home pay calculated?
Gross pay minus pre-tax deductions gives taxable wages; we subtract the standard deduction, apply the 2024 federal brackets for your filing status, add FICA on gross wages, and apply your entered state rate. What's left is your estimated net pay.
Which year's tax brackets does it use?
The 2024 US federal tax year: the IRS marginal brackets, the standard deduction ($14,600 single / $29,200 married filing jointly) and 2024 FICA rates and wage base.
Why doesn't it match my paycheck exactly?
Real paychecks reflect credits, itemized deductions, local taxes, benefit elections and employer-specific withholding. This is a simplified estimate — treat it as a close guide, not an exact figure.
CostTrek provides general information, not financial advice. Results are estimates based on the figures you enter; your actual rate, taxes and insurance will vary. Confirm details with a qualified lender or advisor.