Paycheck Calculator – Free Online Paycheck Tax Calculator

This Paycheck Calculator or free paycheck calculator can be used to estimate the actual paycheck amount brought home after taxes and deductions from salary. This calculator is intended for use by U.S. residents and can also be used to help fill steps 3 and 4 of a W-4 form. The calculation is based on the new W-4 which in 2020, has had its first major change since 1987and the 2021 tax brackets. free paycheck calculator

Your job income (salary)

/year

Pay frequency

File status

Number of children under age 17

Number of other dependents

Other income (not from jobs)

/year

interest, dividends, retirement income, etc.

Pretax deductions withheld $Deductions to be withheld from salary by the employer before being paid out, including those for a 401k, health savings account (HSA), the employee\'s share of the health insurance premium, child support payments, union and uniform dues, etc.$

/year

401k, health insurance, HSA, etc.

Deductions not withheld Deductions that will not be withheld by the employer but can be subtracted from taxable income, including IRA contributions, student loan interest, qualified tuition and education-related fees up to $4,000, etc.

Deductions that will not be withheld by the employer but can be subtracted from taxable income, including IRA contributions, student loan interest, qualified tuition and education-related fees up to $4,000, etc.

/year

IRA, student loan interest, etc.

Itemized deductions Expenditure on eligible products, services, or contributions that may be subtracted from taxable income, including qualified mortgage interest, state and local income plus either property or sales taxes up to $10,000, charitable donations, medical and dental expenses (over 10% of adjusted gross income), etc.

Expenditure on eligible products, services, or contributions that may be subtracted from taxable income, including qualified mortgage interest, state and local income plus either property or sales taxes up to $10,000, charitable donations, medical and dental expenses (over 10% of adjusted gross income), etc.

/year

mortgage interest, charitable donations, state/local/sales/property taxes, etc.

Has 2^nd, 3^rd job income? Yes No

State income tax rate

click here to find out

City income tax rate

Are you self-employed or an independent contractor? Yes No

Your Annual Income (Salary)
Pay Frequency
File Status
Number of Federal Allowances
Total Pre-tax Monthly Deductions	401k, health insurance, HSA, etc.
State Tax Rate	click here to find out
City Tax Rate
Are you self-employed or an independent contractor? Yes No

Using old W-4