NYC Paycheck Calculator
Estimate your net pay in New York City after federal, state, local, and FICA taxes, plus common deductions.
Understanding Your NYC Paycheck
Navigating your paycheck can be complex, especially in a high-tax state and city like New York. This NYC Paycheck Calculator helps you estimate your take-home pay by factoring in various federal, state, and local taxes, as well as common deductions. Understanding each component is key to managing your finances effectively.
Gross Pay vs. Net Pay
Your Gross Pay is the total amount of money you earn before any deductions are taken out. This is typically your hourly wage multiplied by hours worked, or your annual salary divided by your pay periods. Net Pay, also known as take-home pay, is the amount you actually receive after all taxes and deductions have been subtracted from your gross pay.
Federal Income Tax
Federal income tax is levied by the U.S. government based on your taxable income. The amount withheld depends on your filing status (e.g., Single, Married Filing Jointly) and the number of allowances you claim on your W-4 form. While the W-4 form has changed, for calculator purposes, allowances often represent factors that reduce your taxable income, such as dependents. Federal tax uses a progressive tax system, meaning higher earners pay a larger percentage of their income in taxes.
New York State Income Tax
New York State imposes its own income tax on residents. Similar to federal tax, the amount you pay is determined by your taxable income, filing status (e.g., Single, Married), and any allowances claimed on your NYS Form IT-2104. New York also uses a progressive tax system with various brackets.
New York City Local Income Tax
As a resident of New York City, you are also subject to a local income tax. This is an additional tax on top of federal and state taxes. The NYC tax rates are also progressive and depend on your filing status and taxable income. Allowances claimed on your NYS Form IT-2104 also impact your NYC tax withholding.
FICA Taxes (Social Security & Medicare)
FICA stands for the Federal Insurance Contributions Act, which funds Social Security and Medicare. These are mandatory payroll taxes:
- Social Security: This tax is 6.2% of your gross wages, up to an annual wage base limit (e.g., $168,600 for 2024). Your employer also pays an equal 6.2%.
- Medicare: This tax is 1.45% of all your gross wages, with no wage base limit. Your employer also pays an equal 1.45%.
- Additional Medicare Tax: An additional 0.9% Medicare tax applies to wages exceeding certain thresholds ($200,000 for single filers, $250,000 for married filing jointly). This is only paid by the employee.
Pre-tax vs. Post-tax Deductions
- Pre-tax Deductions: These are deductions taken from your gross pay before taxes are calculated. Common examples include contributions to a 401(k) or traditional IRA, health insurance premiums, and Flexible Spending Accounts (FSAs). Pre-tax deductions reduce your taxable income, which can lower your overall tax liability.
- Post-tax Deductions: These deductions are taken from your pay after all applicable taxes have been calculated and withheld. Examples include Roth 401(k) contributions, union dues, or charitable contributions made directly from your paycheck. Post-tax deductions do not reduce your taxable income.
Pay Frequency
Your pay frequency (weekly, bi-weekly, semi-monthly, or monthly) determines how often you receive a paycheck and how your annual income and deductions are spread throughout the year. While the total annual tax liability remains the same, the amount withheld per paycheck will vary based on your pay schedule.
By using this calculator and understanding these components, you can gain a clearer picture of how your gross earnings translate into your actual take-home pay in New York City.
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function calculatePaycheckNYC() {
// Input values
var grossPayPerPeriod = parseFloat(document.getElementById("grossPayPerPeriod").value);
var payFrequency = document.getElementById("payFrequency").value;
var federalFilingStatus = document.getElementById("federalFilingStatus").value;
var federalAllowances = parseInt(document.getElementById("federalAllowances").value);
var nyFilingStatus = document.getElementById("nyFilingStatus").value;
var nyAllowances = parseInt(document.getElementById("nyAllowances").value);
var nycAllowances = parseInt(document.getElementById("nycAllowances").value);
var preTaxDeductions = parseFloat(document.getElementById("preTaxDeductions").value);
var postTaxDeductions = parseFloat(document.getElementById("postTaxDeductions").value);
// Validate inputs
if (isNaN(grossPayPerPeriod) || grossPayPerPeriod < 0 ||
isNaN(federalAllowances) || federalAllowances < 0 ||
isNaN(nyAllowances) || nyAllowances < 0 ||
isNaN(nycAllowances) || nycAllowances < 0 ||
isNaN(preTaxDeductions) || preTaxDeductions < 0 ||
isNaN(postTaxDeductions) || postTaxDeductions ADDITIONAL_MEDICARE_SINGLE_THRESHOLD) {
annualAdditionalMedicareTax = (annualGrossPay – ADDITIONAL_MEDICARE_SINGLE_THRESHOLD) * ADDITIONAL_MEDICARE_RATE;
} else if (federalFilingStatus === "Married Filing Jointly" && annualGrossPay > ADDITIONAL_MEDICARE_MARRIED_THRESHOLD) {
annualAdditionalMedicareTax = (annualGrossPay – ADDITIONAL_MEDICARE_MARRIED_THRESHOLD) * ADDITIONAL_MEDICARE_RATE;
}
var annualFICATax = annualSocialSecurityTax + annualMedicareTax + annualAdditionalMedicareTax;
// — Per Period Deductions —
var federalTaxPerPeriod = annualFederalTax / payPeriodsPerYear;
var nyStateTaxPerPeriod = annualNYStateTax / payPeriodsPerYear;
var nycTaxPerPeriod = annualNYCTax / payPeriodsPerYear;
var ficaTaxPerPeriod = annualFICATax / payPeriodsPerYear;
// Total deductions per period
var totalDeductionsPerPeriod = preTaxDeductions + postTaxDeductions +
federalTaxPerPeriod + nyStateTaxPerPeriod +
nycTaxPerPeriod + ficaTaxPerPeriod;
// Net Pay
var netPayPerPeriod = grossPayPerPeriod – totalDeductionsPerPeriod;
// — Display Results —
var resultsHtml = "
Your Estimated Paycheck
";
resultsHtml += "
Gross Pay per Period: $" + grossPayPerPeriod.toFixed(2) + "";
resultsHtml += "
Federal Income Tax: -$" + federalTaxPerPeriod.toFixed(2) + "";
resultsHtml += "
NY State Income Tax: -$" + nyStateTaxPerPeriod.toFixed(2) + "";
resultsHtml += "
NYC Local Income Tax: -$" + nycTaxPerPeriod.toFixed(2) + "";
resultsHtml += "
Social Security Tax: -$" + (annualSocialSecurityTax / payPeriodsPerYear).toFixed(2) + "";
resultsHtml += "
Medicare Tax: -$" + ((annualMedicareTax + annualAdditionalMedicareTax) / payPeriodsPerYear).toFixed(2) + "";
resultsHtml += "
Pre-tax Deductions: -$" + preTaxDeductions.toFixed(2) + "";
resultsHtml += "
Post-tax Deductions: -$" + postTaxDeductions.toFixed(2) + "";
resultsHtml += "
Net Pay per Period: $" + netPayPerPeriod.toFixed(2) + "";
document.getElementById("paycheckResult").innerHTML = resultsHtml;
}
// — Tax Bracket Functions (2024 values) —
function calculateFederalTax(taxableIncome, filingStatus) {
var tax = 0;
var brackets;
if (filingStatus === "Single") {
brackets = [
{ rate: 0.10, min: 0, max: 11600 },
{ rate: 0.12, min: 11601, max: 47150 },
{ rate: 0.22, min: 47151, max: 100525 },
{ rate: 0.24, min: 100526, max: 191950 },
{ rate: 0.32, min: 191951, max: 243725 },
{ rate: 0.35, min: 243726, max: 609350 },
{ rate: 0.37, min: 609351, max: Infinity }
];
} else if (filingStatus === "Married Filing Jointly") {
brackets = [
{ rate: 0.10, min: 0, max: 23200 },
{ rate: 0.12, min: 23201, max: 94300 },
{ rate: 0.22, min: 94301, max: 201050 },
{ rate: 0.24, min: 201051, max: 383900 },
{ rate: 0.32, min: 383901, max: 487450 },
{ rate: 0.35, min: 487451, max: 731200 },
{ rate: 0.37, min: 731201, max: Infinity }
];
} else {
return 0;
}
var remainingIncome = taxableIncome;
for (var i = 0; i < brackets.length; i++) {
var bracket = brackets[i];
if (remainingIncome 0) {
tax += taxableInBracket * bracket.rate;
remainingIncome -= taxableInBracket;
}
}
return Math.max(0, tax);
}
function calculateNYStateTax(taxableIncome, filingStatus) {
var tax = 0;
var brackets;
if (filingStatus === "Single") {
brackets = [
{ rate: 0.04, min: 0, max: 8500 },
{ rate: 0.045, min: 8501, max: 11900 },
{ rate: 0.0525, min: 11901, max: 13900 },
{ rate: 0.059, min: 13901, max: 21300 },
{ rate: 0.0625, min: 21301, max: 80650 },
{ rate: 0.0685, min: 80651, max: 215400 },
{ rate: 0.0965, min: 215401, max: 1077550 },
{ rate: 0.103, min: 1077551, max: 5387750 },
{ rate: 0.109, min: 5387751, max: Infinity }
];
} else if (filingStatus === "Married") {
brackets = [
{ rate: 0.04, min: 0, max: 17000 },
{ rate: 0.045, min: 17001, max: 23900 },
{ rate: 0.0525, min: 23901, max: 27900 },
{ rate: 0.059, min: 27901, max: 42700 },
{ rate: 0.0625, min: 42701, max: 161550 },
{ rate: 0.0685, min: 161551, max: 430800 },
{ rate: 0.0965, min: 430801, max: 2155350 },
{ rate: 0.103, min: 2155351, max: 10775500 },
{ rate: 0.109, min: 10775501, max: Infinity }
];
} else {
return 0;
}
var remainingIncome = taxableIncome;
for (var i = 0; i < brackets.length; i++) {
var bracket = brackets[i];
if (remainingIncome 0) {
tax += taxableInBracket * bracket.rate;
remainingIncome -= taxableInBracket;
}
}
return Math.max(0, tax);
}
function calculateNYCTax(taxableIncome, filingStatus) {
var tax = 0;
var brackets;
if (filingStatus === "Single") {
brackets = [
{ rate: 0.03078, min: 0, max: 12000 },
{ rate: 0.03762, min: 12001, max: 25000 },
{ rate: 0.03819, min: 25001, max: 40000 },
{ rate: 0.03876, min: 40001, max: 60000 },
{ rate: 0.03923, min: 60001, max: Infinity }
];
} else if (filingStatus === "Married") { // Assuming "Married" for NYC also covers joint
brackets = [
{ rate: 0.03078, min: 0, max: 21600 },
{ rate: 0.03762, min: 21601, max: 45000 },
{ rate: 0.03819, min: 45001, max: 72000 },
{ rate: 0.03876, min: 72001, max: 108000 },
{ rate: 0.03923, min: 108001, max: Infinity }
];
} else {
return 0;
}
var remainingIncome = taxableIncome;
for (var i = 0; i < brackets.length; i++) {
var bracket = brackets[i];
if (remainingIncome 0) {
tax += taxableInBracket * bracket.rate;
remainingIncome -= taxableInBracket;
}
}
return Math.max(0, tax);
}