Paycheck Explainer
Plain-English breakdown of every deduction on your paycheck. Enter your gross pay and filing info — find out exactly where your money goes and why.
Your Paycheck Details
Before any deductions are taken out
Optional Details
Affects Social Security cap ($176,100)
401(k), health insurance, HSA, FSA
Deduction Breakdown
Federal income tax is calculated using IRS tax brackets based on your annual income and filing status (Single). Your estimated annual income is $91,000.00, which puts you in the 22.00% marginal bracket. The IRS annualizes your paycheck to figure out the right withholding each period — so the amount per check is 1/26th of your estimated annual tax. Your W-4 filing status and any additional withholding elections also affect this number.
Social Security tax is a flat 6.2% on wages up to the annual wage base of $176,100.00. Your employer pays a matching 6.2% on your behalf. Once your total wages hit that cap (you've earned $0.00 so far this year), this deduction stops for the rest of the year.
Medicare tax is a flat 1.45% on all wages with no annual cap — it applies to every dollar you earn. Your employer matches this 1.45%. If your annual income exceeds $200,000.00, an additional 0.9% kicks in.
This is your gross pay minus all the deductions above. To increase your take-home pay, you can update your W-4 (if you're claiming fewer allowances than you're entitled to), contribute to pre-tax accounts like a 401(k) or HSA to lower your taxable income, or check whether your withholding is accurate by running the IRS Tax Withholding Estimator.
Annual Projection
The NRA Tax Wizard handles treaty determinations and withholding for nonresident aliens — $15 per determination.