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Paycheck / FICA Calculator

Pay frequency

Filing status

Net pay (take-home)₹ 0.00
Gross per paycheck₹ 0.00
Federal income tax₹ 0.00
Social Security (FICA)₹ 0.00
Medicare (FICA)₹ 0.00
Pre-tax deductions₹ 0.00
Other deductions₹ 0.00
Total deductions₹ 0.00
Annual take-home₹ 0.00

Estimated take-home is about 0.0% of gross (0.0% combined federal + FICA). 2026 rules: SS 6.2% up to $184,500; Medicare 1.45% (+0.9% over threshold).

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Paycheck / FICA Calculator

Your offer letter shows gross pay—but take-home is what hits your bank account after federal income tax and FICA (Social Security and Medicare). This calculator estimates those deductions for a typical W-2 employee using 2026 federal brackets, the standard deduction, and current FICA rates.

Enter gross annual salary, optional pre-tax and other deductions, pay frequency, and filing status to see net pay per paycheck and a breakdown of taxes on Money Calculator Hub.

How to Use the Paycheck / FICA Calculator

  • Enter your Gross annual salary.
  • Add Annual pre-tax deductions if any (for federal taxable income).
  • Optionally enter Other deductions per paycheck.
  • Choose Pay frequency and Filing status.
  • Review net pay, federal tax, Social Security, Medicare, and the paycheck chart.

How Are Deductions Estimated?

Employee FICA (illustrative):

\( SS = 0.062 \times \min(W,\,184{,}500) \)
\( Medicare = 0.0145 \times W + 0.009 \times \max(0,\,W - T) \)

Where W is annual wages and T is the Additional Medicare threshold ($200,000 single / $250,000 married). Federal income tax uses taxable income after the standard deduction and 2026 progressive brackets, then amounts are divided by pay periods for a per-paycheck view.

What Is Included (and Not)

  • Included: estimated federal income tax, employee Social Security, employee Medicare (with Additional Medicare when applicable).
  • Optional: annual pre-tax deductions and other per-paycheck deductions you enter.
  • Not included: state/local tax, exact W-4 withholding, employer FICA match, self-employment tax, or complex benefits.

Paycheck Planning Tips

  • Budget from net pay, not gross—especially when comparing job offers.
  • Raising traditional 401(k) contributions can lower federal taxable income (FICA usually still applies).
  • High earners should watch the Social Security wage base and Additional Medicare thresholds mid-year.
  • Update estimates when you change filing status, benefits, or pay frequency.

Frequently Asked Questions (FAQs)