How to use the Take-Home-Paycheck Calculator
The take-home calculator estimates net pay per paycheck from gross pay using a flat effective tax rate.
Open the Take-Home-Paycheck Calculator →
What you need to enter
- Gross annual pay ($)
- Pay periods per year
- Income + payroll tax (% effective)
- Retirement contribution (%)
- Other deductions per paycheck ($)
The formula
Net = gross − retirement contribution − tax on the remainder − other deductions.
Worked example
Using the default values in the calculator:
- Gross annual pay ($): 65000
- Pay periods per year: 26 (every 2 weeks)
- Income + payroll tax (% effective): 24
- Retirement contribution (%): 5
- Other deductions per paycheck ($): 50
| Take-home per paycheck | $1,755.00 |
| Gross per paycheck | $2,500.00 |
| Taxes | $570.00 |
| Retirement | $125.00 |
| Annual take-home | $45,630.00 |
Tips for better results
- Use your effective tax rate from a recent pay slip.
- Check your withholding if you get large refunds or bills.
Common mistakes to avoid
- Using the top tax bracket as the effective rate.
- Forgetting benefits deductions.
Please note: Calculators and guides give general estimates, not financial, tax or investment advice. Real offers depend on your lender, location and personal situation. See our Disclaimer.