Free net income calculator. Calculate take-home pay after federal tax brackets, state tax, FICA, and pre-tax deductions with a full bracket breakdown. Built on the 2026 federal tax model used on this page.
The Net Income Calculator computes your annual and monthly take-home pay using actual federal tax brackets rather than flat estimates. Enter your gross income, filing status, state tax rate, and pre-tax deductions to see exactly what you keep after every layer of taxation.
Understanding net income versus gross income is fundamental to personal finance. Your gross salary is what your employer pays; your net income is what reaches your bank account. Between federal income tax (progressive brackets from 10% to 37%), FICA taxes (Social Security at 6.2% and Medicare at 1.45%), state income tax, and pre-tax deductions like 401(k) and health insurance, the gap can be 25-45% of gross pay.
The federal bracket breakdown table shows precisely how much of your income falls into each tax bracket and the tax owed per bracket. The full deduction summary itemizes every deduction as an annual and monthly amount, giving you a complete picture of where your gross salary goes.
Accurate net income is essential for budgeting, loan applications, and financial planning. This calculator uses actual progressive tax brackets instead of flat estimates, providing a much more accurate take-home figure than simple percentage calculators. The bracket breakdown helps you understand your true tax situation and see how each deduction affects the money available for spending or saving.
Taxable Income = Gross − Pre-Tax Deductions − Standard Deduction Federal Tax = Sum of (Income in Bracket × Bracket Rate) for each bracket FICA = (min(Gross, $184,500) × 6.2%) + (Gross × 1.45%) Net Income = Gross − Federal Tax − FICA − State Tax − Pre-Tax Deductions
Result: Net income: about $50,153/year ($4,179/month)
Taxable income is about $49,300 after the $16,100 single standard deduction and $9,600 of pre-tax deductions. Federal tax is about $5,760, FICA about $5,738, and state tax $3,750, leaving about $50,153 in annual net income.
Federal income tax is progressive — you don't pay your marginal rate on all income. The first $11,925 is taxed at 10%, the next $36,550 at 12%, and so on. A $75,000 income (single filer) still has a 22% marginal rate, but only part of the income lands there. This distinction is crucial and commonly misunderstood.
Many people focus on income tax and forget FICA. At 7.65% of gross income (up to the Social Security cap), FICA is often the second-largest tax for moderate earners. An employee earning $75,000 pays roughly $5,738 in FICA — more than their state tax in many cases.
The most accessible ways to increase net income are to maximize pre-tax deductions, use an HSA if eligible, contribute to an FSA when available, and claim every credit you actually qualify for. Each dollar in pre-tax deductions saves you your marginal rate in taxes while building savings or covering real expenses. The exact annual contribution limits change over time, so treat this page as a take-home pay model rather than a contribution-limit tracker.
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This worksheet estimates net income from gross pay by subtracting payroll-style deductions and tax assumptions. It is a simplified take-home-pay estimator, not a tax return or payroll statement.
The result depends on the entered filing status, state tax assumption, and any pre-tax deductions.
Net income is your take-home pay after all taxes and deductions are subtracted from gross income. It is the amount actually deposited into your bank account.
Your marginal rate is the tax on your next dollar earned (your highest bracket). Your effective rate is total tax ÷ total income — always lower than marginal because lower brackets apply to initial income.
Traditional 401(k) contributions are pre-tax — they reduce current taxable income. You pay income tax when you withdraw in retirement. Roth 401(k) contributions are after-tax but withdrawals are tax-free.
This calculator uses the standard deduction. If your itemized deductions (mortgage interest, state taxes, charitable giving) exceed the standard deduction, your actual net income would be slightly higher.
It uses the 2026 federal brackets and standard deductions encoded on this page, so it is a close planning estimate rather than an exact payroll withholding engine. Actual withholding depends on W-4 elections, pay timing, and state-specific rules that may differ from a flat-rate approximation.
FICA funds Social Security (6.2% up to $184,500 for 2026) and Medicare (1.45% on all income, plus 0.9% additional Medicare on income over $200,000 for most single filers). Combined, it is 7.65% for most workers below the wage base.