Taly Tools
Free tool · Paycheck

Take-Home Pay Calculator

Your salary is not your paycheck. This shows what each check actually keeps for 2025 and 2026 — federal tax bracket by bracket, Social Security, Medicare, state tax, 401(k), and health premiums — and what a raise or one more percent of saving really costs you.

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Where a paycheck actually goes

Every paycheck runs the same pipeline: gross pay, minus pre-tax benefits (Section 125 health premiums, HSA), minus a traditional 401(k), then federal income tax on what's left after the standard deduction, Social Security, Medicare, and state tax. What survives is the number that hits your account — and it's usually a much friendlier number than your bracket suggests.

That's because brackets are marginal: each slice of income pays its own rate, and only the top slice pays the headline one. A single filer on $85,000 sits "in the 22% bracket" but pays an effective federal rate near 9.5% — most people overestimate their own tax by a wide margin. The calculator shows the bracket-by-bracket walk so you can watch each slice get priced separately.

Three details the back-of-the-envelope version always misses:

  • The 401(k)–FICA nuance: a traditional 401(k) skips federal and state income tax — but Social Security and Medicare are charged on it anyway. Health premiums and payroll HSA dollars skip both, which makes them the cheapest dollars on your stub.
  • The raise myth: a raise can't lower your take-home — brackets are marginal, so only the dollars inside the higher bracket pay the higher rate. The tool prices your next $1,000 exactly: federal, FICA, and state on just that slice.
  • Liability vs. withholding: this estimates your annual tax bill spread evenly across checks. Your employer follows W-4 withholding tables instead, which often over-withhold on purpose — that's what a refund is.

The same math answers the question worth asking every January: what does one more percent to the 401(k) actually cost per check? Traditional contributions come back partly as tax savings, so the honest answer is usually less than you think — and the tool shows it next to the Roth alternative, with the deferred-tax catch spelled out.

Common questions

Why doesn't this match my actual paystub?
Because withholding isn't liability. This tool estimates the tax you'll actually owe for the year and spreads it evenly; your employer follows the IRS W-4 tables, which depend on how you filled out the form and usually over-withhold into a refund. Bonuses get a flat supplemental rate, and state brackets, city taxes, and SDI shift the per-check number further. If your stub withholds more than this estimate, you're likely lending the IRS money until April.
Does a 401(k) really lower my taxes?
Traditional contributions skip federal and most state income tax today — but not Social Security and Medicare, which are charged on them anyway. That's why +1% of pay usually costs well under 1% of your check. Roth contributions don't reduce today's taxes at all; the payoff is tax-free withdrawals later. Neither erases tax — traditional defers it, and the right choice hangs on your rate in retirement versus now.
Is anything saved or sent anywhere?
No. Every number runs in your browser. Nothing you type is uploaded, stored, or shared — and you can export the full paycheck breakdown to CSV with one click.

Know the number — then put it to work

This tool tells you what each paycheck actually keeps. Taly splits it the moment it lands — bills, savings, and spending money each get their cut automatically, so the plan survives contact with the month.