Understanding your calculation
Method, example and limitations
How the calculation works
Take-home pay subtracts modeled taxes and payroll deductions from gross earnings. Select the correct tax year, filing settings and pay frequency before comparing checks.
Example to check
If a gross paycheck is $2,000 and total deductions are $400, the amount received is $1,600. A tax estimate still depends on which deductions and income rules are included.
Before using the result
This tool does not prepare a tax return or model every state, credit or deduction. Employer withholding and final annual tax liability are different quantities.