Hourly Paycheck Calculator

Calculate your take-home pay after taxes with this free, easy-to-use hourly paycheck calculator. Perfect for freelancers, contractors, and hourly employees.

Enter Your Details

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Paycheck Summary

Regular Pay: $0.00
Overtime Pay: $0.00
Gross Pay: $0.00
Tax Deductions
Estimated based on your tax rate percentage
$0.00
Net Pay: $0.00

Pay Distribution

Gross
Tax
Net

Annual Projection

Annual Gross Income: $0.00
Annual Taxes: $0.00
Annual Net Income: $0.00

About This Tool

The Hourly Paycheck Calculator is a free online tool designed to help hourly workers, freelancers, and contractors understand their take-home pay after taxes. Whether you're budgeting for expenses, planning for savings, or comparing job offers, this calculator provides accurate estimates of your net income.

How It Works

Simply enter your hourly wage, the number of hours you work per week, any overtime hours and rate, your tax rate, and your pay period. The calculator will instantly show you:

  • Your regular pay and overtime pay
  • Gross pay (before taxes)
  • Estimated tax deductions
  • Net pay (take-home amount)
  • Annual income projections

Who Should Use This Tool

This calculator is perfect for:

  • Hourly employees who want to budget their expenses
  • Freelancers and contractors managing irregular income
  • Students working part-time jobs
  • Anyone comparing job offers with different pay structures
  • Individuals planning for taxes and savings

Benefits of Using This Calculator

Our Hourly Paycheck Calculator helps you:

  • Accurately budget your monthly expenses
  • Understand the impact of taxes on your earnings
  • Plan for savings goals and financial milestones
  • Make informed decisions about overtime opportunities
  • Compare job offers with different pay rates and structures

Frequently Asked Questions

Is this calculator completely free to use?

Yes, this hourly paycheck calculator is 100% free with no registration required. You can use it as many times as you need without any limitations.

How accurate are the tax calculations?

The tax calculation is an estimate based on the tax rate you provide. For a more accurate tax calculation, consult with a tax professional who can consider your specific tax situation, deductions, and credits.

What's the difference between semi-monthly and bi-weekly pay?

Semi-monthly pay means you're paid twice a month (typically on the 15th and last day of the month), resulting in 24 pay periods per year. Bi-weekly pay means you're paid every two weeks, resulting in 26 pay periods per year.

Can I calculate overtime with this tool?

Yes! Simply enter your overtime hours and the overtime rate (which is typically 1.5 times your regular hourly rate). The calculator will automatically include overtime pay in your paycheck calculation.

Why are my annual projections higher than expected?

The annual projection assumes you work the same hours every week for 52 weeks. In reality, you might have vacation time, holidays, or periods with fewer hours. Use the projection as a best-case scenario estimate.

This tool is designed for informational purposes only. Results are estimates and should not be considered financial advice.