Tax Withholding Calculator — Calculate Your Take-Home Pay

Tax Withholding Calculator

Calculate how much tax will be withheld from your paycheck. Adjust your withholding to get a bigger refund or a bigger paycheck.

Step 1: Income Details

Understanding Tax Withholding

Tax withholding is the amount your employer deducts from your paycheck for taxes. The amount depends on your income, filing status, and allowances claimed on your W-4 form.

Step 2: Withholding Details

2 allowances

About Tax Allowances

Allowances reduce the amount of tax withheld from your paycheck. More allowances mean less tax withheld, resulting in a smaller refund but larger paychecks throughout the year.

Tax Withholding Results

Summary
Tax Comparison
Tax Breakdown

Your Estimated Take-Home Pay

$41,250
Tax Withheld: $8,750
Total Tax Withheld
$8,750
Effective Tax Rate
17.5%
Take-Home Per Paycheck
$3,437.50
Estimated Refund
$1,200

Tax Withholding Comparison by Filing Status

Filing Status Annual Tax Take-Home Pay Effective Tax Rate Monthly Take-Home

Tax Breakdown by Bracket

Tax Withholding Formula

Tax = (Income × Tax Rate) – Allowances × Exemption Amount

Tax withholding is calculated by applying progressive tax rates to your income, then subtracting allowances. The more allowances you claim, the less tax is withheld from each paycheck.

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