💰 Net Income Calculator 2026
Calculate your 2026 take-home pay after federal income tax, FICA (Social Security + Medicare), and state income tax. Updated with the latest 2026 tax brackets, standard deduction, and FICA wage base.
What Is a Net Income Calculator?
A net income calculator helps you determine your take-home pay after all taxes and deductions. It calculates federal income tax (using the 2026 progressive brackets), FICA (Social Security and Medicare), state income tax, and subtracts pre-tax deductions like 401(k) contributions.
This calculator uses the latest 2026 tax rates:
- Federal Income Tax: 7 progressive brackets: 10%, 12%, 22%, 24%, 32%, 35%, 37%
- Standard Deduction: $16,100 (single), $32,200 (married), $24,150 (head of household)
- Social Security (FICA): 6.2% on wages up to $184,500
- Medicare (FICA): 1.45% on all wages (no cap)
- Additional Medicare Tax: 0.9% on wages over $200,000
- State Income Tax: Simplified flat-rate estimates for all 50 states
How Does the Net Income Calculator Work?
The calculator performs the following steps:
- Calculates taxable income , gross income minus pre-tax deductions and the higher of standard or itemized deductions.
- Applies federal income tax brackets , uses the 2026 progressive tax rates to compute federal tax liability.
- Calculates FICA taxes , Social Security (6.2% up to $184,500) and Medicare (1.45% on all wages, plus 0.9% over $200,000).
- Calculates state income tax , applies a simplified flat rate for the selected state.
- Computes net income , gross income minus all taxes and pre-tax deductions.
- Shows pay period breakdown , converts annual net income to monthly, bi-weekly, or weekly amounts.
Why Use This Net Income Calculator?
- Updated for 2026: Uses the latest tax brackets, standard deductions, and FICA wage bases.
- All 50 States: Includes state income tax estimates for every state.
- Pre-tax Deductions: Accounts for 401(k), HSA, FSA, and other pre-tax contributions.
- Visual Chart: See the breakdown of your gross income at a glance.
- Free & Private: No registration, no data storage , all calculations are done in your browser.
❓ Net Income Calculator 2026 FAQ
What are the 2026 federal income tax brackets?
The 2026 tax brackets are: 10% (up to $12,400), 12% ($12,401–$50,400), 22% ($50,401–$105,700), 24% ($105,701–$201,775), 32% ($201,776–$256,225), 35% ($256,226–$640,600), and 37% (over $640,600) for single filers.
What is the standard deduction for 2026?
The 2026 standard deduction is $16,100 for single filers, $32,200 for married filing jointly, and $24,150 for head of household.
What is the Social Security wage base for 2026?
The 2026 Social Security wage base is $184,500. Social Security tax (6.2%) is only withheld on wages up to this amount.
What is the Medicare tax rate for 2026?
The Medicare tax rate is 1.45% on all wages with no cap. An additional 0.9% Medicare tax applies to wages over $200,000.
What is the difference between gross income and net income?
Gross income is your total income before any taxes or deductions. Net income (take-home pay) is what you actually receive after federal income tax, FICA, state tax, and pre-tax deductions are subtracted.
What are pre-tax deductions?
Pre-tax deductions are amounts taken out of your paycheck before taxes are calculated. Common examples include 401(k) retirement contributions, HSA (Health Savings Account), FSA (Flexible Spending Account), and health insurance premiums.
How accurate is this calculator?
This calculator provides accurate estimates based on 2026 tax rates, brackets, and FICA wage bases. However, actual tax liability depends on your total income, deductions, credits, and other factors. Use this as a planning tool and consult a tax professional for precise calculations.
Is this calculator free to use?
Yes, this calculator is completely free to use. No registration or personal data storage is required. All calculations are performed in your browser.
What is the difference between standard and itemized deductions?
Standard deduction is a fixed amount you can subtract from your income (2026: $16,100 single). Itemized deductions include mortgage interest, charitable contributions, medical expenses, and state/local taxes. You choose whichever is higher. This calculator lets you enter itemized deductions in the advanced options.
What is the effective tax rate?
Your effective tax rate is the average rate you pay on your total income. It's calculated as total tax ÷ gross income × 100. This is different from your marginal tax rate (the rate you pay on your last dollar of income).