Payroll Deductions Calculator

Calculate your take-home pay after all deductions. Free, instant, and accurate calculations for employees and employers.

Employee Information

15%
5%
Include Social Security deduction
Include Medicare deduction

Payroll Summary

Net Pay Progress 70%
Gross Pay: $5,000.00
Federal Tax: $750.00
(15.0% of gross pay)
State Tax: $250.00
(5.0% of gross pay)
Social Security: $310.00
(6.2% of gross pay)
Medicare: $72.50
(1.45% of gross pay)
Retirement: $300.00
Insurance: $200.00
Other Deductions: $50.00
Net Pay: $3,067.50

Pay Frequency Summary

Bi-Weekly Net Pay:
$3,067.50
Monthly Equivalent:
$6,645.25

Frequently Asked Questions

What is a payroll deductions calculator?

A payroll deductions calculator is a tool that helps employees and employers estimate the net pay after all mandatory and voluntary deductions such as taxes, insurance premiums, retirement contributions, and other withholdings.

What deductions are included in this calculator?

Our calculator includes federal tax, state tax, Social Security (FICA), Medicare, retirement contributions (401k, IRA), health insurance premiums, and other voluntary deductions.

How accurate is this payroll calculator?

While our calculator provides a close estimate of your take-home pay, actual payroll deductions may vary based on your specific tax situation, benefits elections, and local regulations. Always consult with a tax professional for precise calculations.

Is this tool completely free to use?

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

About Our Payroll Deductions Calculator

Understanding your take-home pay is essential for effective financial planning. Our free Payroll Deductions Calculator helps you estimate your net income after all deductions, giving you a clear picture of your actual earnings.

This tool calculates mandatory deductions including federal and state income taxes, Social Security (6.2%), and Medicare (1.45%). It also accounts for voluntary deductions like retirement contributions, health insurance premiums, and other withholdings.

Whether you're an employee planning your budget or an employer estimating payroll costs, our calculator provides instant results without any registration or cost. The tool works for all pay frequencies including weekly, bi-weekly, semi-monthly, and monthly pay schedules.

By using this calculator, you can:

  • Plan your monthly budget with accurate income projections
  • Understand how different deductions affect your take-home pay
  • Make informed decisions about retirement contributions
  • Compare different job offers based on net pay
  • Estimate tax liabilities for financial planning

Our calculator is regularly updated to reflect current tax brackets and deduction limits, ensuring you get the most accurate estimate possible.