There are two free paycheck calculators on this page. The first one estimates your paycheck. The second one estimates your gross pay after a pay raise.
The first free paycheck calculator estimates your annual gross salary and Federal income tax owed. If you answer “Yes” to the question “Calculate average net income?”, the calculator will estimate your Federal income taxes using IRS tax rates for the current tax year (it is updated each year). The calculator does not take into consideration state or local taxes, and other payroll deductions such as health insurance. What good is this calculator if it doesn’t consider all your payroll deductions? The answer is that you can estimate how much Federal income tax will be withheld. State and local taxes, and other payroll deductions, are not as difficult to calculate. State and local taxes are usually much more straightforward than Federal taxes.
- You can find tax rates for your area on your city or county’s official website.
- State tax rates can be found on the official website for your state’s department of revenue.
With those tax rates and a list of your other payroll deductions, you can estimate your net pay.
The second free paycheck calculator is pretty simple. You enter your current pay, and the pay raise percentage you’ve been told by your boss or employer. Then the calculator estimates your new gross pay. Use this calculator in conjunction with the calculator above it to estimate what your net paycheck will be after the pay raise.