Net Income Calculator
Net income is what you actually keep after taxes and deductions. Enter your gross earnings to see the full breakdown — federal income tax, Social Security, Medicare, state tax, and 401(k) contributions — for 2026.
How to use this calculator
- Enter annual gross income.
- Enter filing status.
- Enter 401(k) contribution rate.
- Enter state income tax rate (0 if none).
- Your results appear instantly below and update as you change the numbers.
How this calculator works
The calculator subtracts your 401(k) contribution from gross income, applies the standard deduction and 2026 federal brackets, then deducts Social Security (6.2% up to $184,500), Medicare (1.45%), and a state tax estimate. Net income is what remains after all of it.
Frequently asked questions
Is net income the same as take-home pay?
For most people, yes — both mean what remains after taxes and deductions. The terms differ slightly in accounting: net income can also refer to business profit after all expenses. This calculator estimates your personal net income from wages.
Does net income include employer-paid taxes?
No. The employer half of FICA (another 7.65%) and any employer 401(k) match are additional costs to the employer but are not subtracted from your paycheck.
Disclaimer: Results are estimates for general information only and do not constitute financial, tax, or legal advice. Figures reflect 2026 rules and may change. Always confirm current limits and consult a qualified professional before making decisions. Official figures: IRS.gov · 2026 limits per IRS tax inflation adjustments.