Payroll Tax Calculator

Payroll tax calculator calculates the taxes your employer deducts from your earnings, including federal, state, Social Security, and Medicare taxes.



Paycheck Tax Calculator

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Federal Income Tax Brackets 2024

Tax Rate Single Married Filing Jointly Married Filing Separately Head of Household
10% $0 to $11,600 $0 to $23,200 $0 to $11,600 $0 to $16,550
12% $11,601 to $47,150 $23,201 to $94,300 $11,601 to $47,150 $16,551 to $63,100
22% $47,151 to $100,525 $94,301 to $201,050 $47,151 to $100,525 $63,101 to $100,500
24% $100,526 to $191,950 $201,051 to $383,900 $100,526 to $191,950 $100,501 to $191,950
32% $191,951 to $243,725 $383,901 to $487,450 $191,951 to $243,725 $191,951 to $243,700
35% $243,726 to $609,350 $487,451 to $731,200 $243,726 to $365,600 $243,701 to $609,350
37% $609,351 or more $731,201 or more $365,601 or more $609,351 or more

This payroll tax calculates your net pay after federal, state, Medicare, and Social Security taxes. The standard deduction is applied for federal income tax purposes.
While our payroll tax calculator includes all state income taxes, your local city may also impose additional income taxes.


How to Calculate Federal Income Tax

The federal government does not tax gross income directly. To calculate federal income tax, you first need to apply either the standard deduction or an itemized deduction. For 2024, the standard deduction amounts are as follows:

  • $14,600 for single filers or married individuals filing separately,
  • $29,200 for married couples filing jointly,
  • $21,900 for heads of household.
  • After subtracting the standard or itemized deduction from your gross income, the remaining amount is your taxable income, which is subject to federal income tax.

Federal Income Tax Rate

For 2024, federal income tax brackets range from 10% to 37%.
There are seven tax brackets: 10%, 12%, 22%, 24%, 32%, 35%, and 37%.
The highest rate of 37% applies to taxable income over $609,351 for single filers and $731,201 for married couples filing jointly.


State Income Tax

Most states impose a progressive income tax, meaning the tax rate increases as income rises, similar to federal income tax. Some states have a flat tax rate, while others do not impose any income tax. States without an income tax include:

  • 1.Alaska
  • 2.Florida
  • 3.Nevada
  • 4.South Dakota
  • 5.Texas
  • 6.Washington
  • 7.Wyoming
  • 8.New Hampshire (tax on interest and dividends)
  • 9.Tennessee (tax on interest and dividends)

Social Security and Medicare Taxes

  • Social Security tax rate: 6.2% of gross income, with a maximum taxable earnings limit of $168,600 in 2024.
  • Medicare tax rate: 1.45% of gross income. An additional 0.9% Medicare tax applies to income over $200,000.
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