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Paycheck Calculator was created for those who wish to gain greater insight into their income taxes and estimate their take-home pay.
You can use Paycheck Calculator to answer questions like:
- What will my state taxes be if I move from California to Colorado?
- How much will my paycheck be if I accept a new job offer?
- Should my wife and I file our taxes separately or jointly?
Features:
Accurate Income Tax Estimations:
- Supports federal tax years 2025, 2024, 2023, 2022, and 2021.
- Covers all 50 states and Washington D.C. for the same tax years.
- Includes county-level taxes for New York state.
- Calculates federal, state, and local tax withholdings.
Supports all filing statuses: Single, Married Filing Jointly, Married Filing Separately, Head of Household, and Qualifying Surviving Spouse.
Comprehensive Income Inputs:
- Employment income: Salary, hourly wages, overtime, bonuses, commissions, tips.
- Investment income: Short-term and long-term capital gains, dividends, interest.
- Stock compensation: Incentive Stock Options (ISO), Non-Qualified Stock Options (NSO), Restricted Stock Units (RSU).
- Self-employment income & non-taxable income tracking.
Deductions & Credits:
- Retirement contributions: Traditional & Roth 401(k), IRA, and employer 401(k) contributions.
- Federal and state tax deductions: Standard & itemized deductions.
- Federal tax credits: Earned Income Tax Credit (EITC), Child Tax Credit (CTC), Other Dependent Tax Credit.
- State-specific tax credits.
Detailed Paycheck Breakdown:
- Net Income, Federal Tax, State Tax, and Local Tax.
- Investment-related taxes: Long-Term Capital Gains Tax, Net Investment Tax.
- Payroll taxes: Social Security Tax, Medicare Tax, Additional Medicare Tax.
- Retirement & employer contributions visibility.
Comparisons & Visual Insights:
- Compare different income & tax scenarios to optimize finances.
- Visual tax bracket breakdowns and tax distribution charts.
Feel free to leave your feedback or report a bug by emailing [email protected]
DISCLAIMER:
Paycheck Calculator is an insightful tool for anyone who wants to learn more about their taxes, but it does not provide financial advice nor should it be used to file your taxes. Always consult with a financial professional before making significant financial decisions.
Terms and Conditions: https://mypayapp.io/terms-and-conditions.html