NYC Paycheck Calculator
Use this calculator to estimate your take-home pay in New York City, factoring in federal, New York State, and New York City income taxes, as well as FICA (Social Security and Medicare) and common deductions. This tool provides an estimate based on 2024 tax rates and standard deductions.
Estimated Paycheck Breakdown
Enter your details and click "Calculate Paycheck" to see your estimated take-home pay.
Understanding Your NYC Paycheck
Working in New York City comes with unique financial considerations, especially when it comes to your paycheck. Beyond federal taxes, NYC residents also face New York State and New York City income taxes, making the calculation of your net pay more complex than in many other parts of the country. This calculator aims to demystify that process by providing a clear breakdown of your estimated earnings and deductions.
Key Components of Your NYC Paycheck
Your gross salary is just the starting point. Several deductions are taken out before you see your net (take-home) pay. These typically include:
1. Federal Income Tax
This is a progressive tax levied by the U.S. government. The amount withheld depends on your annual income, filing status (Single, Married Filing Jointly, Head of Household), and the number of dependents you claim. The more you earn, the higher your marginal tax rate.
2. FICA Taxes (Social Security & Medicare)
- Social Security: This funds retirement, disability, and survivor benefits. Employees contribute 6.2% of their earnings up to an annual wage base limit (e.g., $168,600 for 2024).
- Medicare: This funds health insurance for the elderly and disabled. Employees contribute 1.45% of all earnings, with an additional 0.9% "Additional Medicare Tax" on earnings above certain thresholds ($200,000 for single filers, $250,000 for married filing jointly).
3. New York State Income Tax
New York State has its own progressive income tax system. Like federal taxes, the amount you pay depends on your income and filing status. New York's tax brackets are distinct from federal brackets.
4. New York City Income Tax
As an NYC resident, you are also subject to New York City income tax. This is an additional layer of taxation on top of federal and state taxes. NYC also uses a progressive tax structure, though its rates are generally lower than state or federal rates. There are also resident credits that can reduce the effective tax rate for lower-income individuals, which can make the calculation complex.
5. Pre-Tax Deductions
These are deductions taken from your gross pay before taxes are calculated, effectively reducing your taxable income. Common examples include:
- 401(k) or 403(b) Contributions: Retirement savings plans.
- Health Insurance Premiums: Employer-sponsored health plans.
- Flexible Spending Accounts (FSAs) or Health Savings Accounts (HSAs): For healthcare or dependent care expenses.
6. Post-Tax Deductions
These deductions are taken from your pay after all taxes have been calculated. Examples include:
- Roth 401(k) Contributions: Retirement savings where contributions are taxed now, but withdrawals are tax-free in retirement.
- Union Dues: If applicable.
- Garnishments: Court-ordered payments.
How the Calculator Works
Our NYC Paycheck Calculator takes your annual gross salary and pay frequency to determine your gross pay per period. It then systematically applies pre-tax deductions, calculates federal, state, and city income taxes (using 2024 tax brackets and standard deductions), FICA taxes, and finally, any post-tax deductions to arrive at your estimated net pay per period.
Important Considerations
- Estimates Only: This calculator provides an estimate. Actual withholdings can vary based on specific tax situations, additional credits, local taxes (if applicable outside NYC but within NYS), and employer-specific benefits.
- Tax Law Changes: Tax laws and brackets can change annually. This calculator is updated for 2024 rates.
- Dependents and Credits: While you can enter the number of dependents, this calculator primarily uses filing status for standard deductions and bracket application. Complex tax credits (like the Child Tax Credit or Earned Income Tax Credit) are not fully modeled, which could further reduce your actual tax liability.
- Other Deductions: Ensure you include all relevant pre-tax and post-tax deductions for the most accurate estimate.
Understanding your paycheck is crucial for financial planning. Use this tool as a guide to better comprehend where your money goes and what you can expect to take home in New York City.
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function getPayPeriods(frequencyValue) {
return parseInt(frequencyValue);
}
function calculateFederalTax(annualTaxableIncome, filingStatus) {
var tax = 0;
var taxableIncome = Math.max(0, annualTaxableIncome);
var brackets;
var standardDeduction;
if (filingStatus === "Single") {
standardDeduction = 14600;
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 === "MFJ") {
standardDeduction = 29200;
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 if (filingStatus === "HoH") {
standardDeduction = 21900;
brackets = [
{ rate: 0.10, min: 0, max: 16550 },
{ rate: 0.12, min: 16551, max: 63100 },
{ rate: 0.22, min: 63101, max: 100500 },
{ rate: 0.24, min: 100501, max: 191950 },
{ rate: 0.32, min: 191951, max: 243700 },
{ rate: 0.35, min: 243701, max: 609350 },
{ rate: 0.37, min: 609351, max: Infinity }
];
} else { // Default to Single if unknown
standardDeduction = 14600;
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 }
];
}
var adjustedTaxableIncome = Math.max(0, taxableIncome – standardDeduction);
for (var i = 0; i bracket.min) {
var incomeInBracket = Math.min(adjustedTaxableIncome, bracket.max) – bracket.min;
tax += incomeInBracket * bracket.rate;
}
}
return tax;
}
function calculateNYStateTax(annualTaxableIncome, filingStatus) {
var tax = 0;
var taxableIncome = Math.max(0, annualTaxableIncome);
var brackets;
var standardDeduction;
if (filingStatus === "Single" || filingStatus === "HoH") {
standardDeduction = 8500; // 2024 approx
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: 0.0633, 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 === "MFJ") {
standardDeduction = 17000; // 2024 approx
brackets = [
{ rate: 0.04, min: 0, max: 17100 },
{ rate: 0.045, min: 17101, max: 23900 },
{ rate: 0.0525, min: 23901, max: 27900 },
{ rate: 0.059, min: 27901, max: 42700 },
{ rate: 0.0633, min: 42701, max: 161550 },
{ rate: 0.0685, min: 161551, max: 323200 },
{ rate: 0.0965, min: 323201, max: 2155350 },
{ rate: 0.103, min: 2155351, max: 5387750 },
{ rate: 0.109, min: 5387751, max: Infinity }
];
} else { // Default to Single
standardDeduction = 8500;
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: 0.0633, 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 }
];
}
var adjustedTaxableIncome = Math.max(0, taxableIncome – standardDeduction);
for (var i = 0; i bracket.min) {
var incomeInBracket = Math.min(adjustedTaxableIncome, bracket.max) – bracket.min;
tax += incomeInBracket * bracket.rate;
}
}
return tax;
}
function calculateNYCCityTax(annualTaxableIncome, filingStatus) {
var tax = 0;
var taxableIncome = Math.max(0, annualTaxableIncome);
var brackets;
// NYC has a resident credit that can significantly reduce tax for lower incomes.
// For simplicity, we'll use marginal rates and omit the complex credit calculation.
// This might slightly overestimate tax for lower incomes.
if (filingStatus === "Single" || filingStatus === "HoH") {
brackets = [
{ rate: 0.03876, min: 0, max: 12000 },
{ rate: 0.04171, min: 12001, max: 25000 },
{ rate: 0.04227, min: 25001, max: 50000 },
{ rate: 0.04292, min: 50001, max: 90000 },
{ rate: 0.0425, min: 90001, max: Infinity }
];
} else if (filingStatus === "MFJ") {
brackets = [
{ rate: 0.03876, min: 0, max: 21600 },
{ rate: 0.04171, min: 21601, max: 45000 },
{ rate: 0.04227, min: 45001, max: 90000 },
{ rate: 0.04292, min: 90001, max: 162000 },
{ rate: 0.0425, min: 162001, max: Infinity }
];
} else { // Default to Single
brackets = [
{ rate: 0.03876, min: 0, max: 12000 },
{ rate: 0.04171, min: 12001, max: 25000 },
{ rate: 0.04227, min: 25001, max: 50000 },
{ rate: 0.04292, min: 50001, max: 90000 },
{ rate: 0.0425, min: 90001, max: Infinity }
];
}
for (var i = 0; i bracket.min) {
var incomeInBracket = Math.min(taxableIncome, bracket.max) – bracket.min;
tax += incomeInBracket * bracket.rate;
}
}
return tax;
}
function calculateFICA(annualGrossIncome, filingStatus) {
var socialSecurityLimit = 168600; // 2024 limit
var socialSecurityRate = 0.062;
var medicareRate = 0.0145;
var additionalMedicareRate = 0.009;
var ssTaxable = Math.min(annualGrossIncome, socialSecurityLimit);
var socialSecurityTax = ssTaxable * socialSecurityRate;
var medicareTax = annualGrossIncome * medicareRate;
var additionalMedicareTax = 0;
var additionalMedicareThreshold;
if (filingStatus === "MFJ") {
additionalMedicareThreshold = 250000;
} else { // Single, HoH, MFS
additionalMedicareThreshold = 200000;
}
if (annualGrossIncome > additionalMedicareThreshold) {
additionalMedicareTax = (annualGrossIncome – additionalMedicareThreshold) * additionalMedicareRate;
}
return {
socialSecurity: socialSecurityTax,
medicare: medicareTax + additionalMedicareTax
};
}
function calculatePay() {
var annualGrossSalary = parseFloat(document.getElementById("annualGrossSalary").value);
var payFrequencyValue = document.getElementById("payFrequency").value;
var federalFilingStatus = document.getElementById("federalFilingStatus").value;
var nyFilingStatus = document.getElementById("nyFilingStatus").value;
var preTax401kPercent = parseFloat(document.getElementById("preTax401k").value) / 100;
var preTaxHealthPerPeriod = parseFloat(document.getElementById("preTaxHealth").value);
var otherPreTaxPerPeriod = parseFloat(document.getElementById("otherPreTax").value);
var postTaxOtherPerPeriod = parseFloat(document.getElementById("postTaxOther").value);
// Validate inputs
if (isNaN(annualGrossSalary) || annualGrossSalary < 0) annualGrossSalary = 0;
if (isNaN(preTax401kPercent) || preTax401kPercent < 0) preTax401kPercent = 0;
if (isNaN(preTaxHealthPerPeriod) || preTaxHealthPerPeriod < 0) preTaxHealthPerPeriod = 0;
if (isNaN(otherPreTaxPerPeriod) || otherPreTaxPerPeriod < 0) otherPreTaxPerPeriod = 0;
if (isNaN(postTaxOtherPerPeriod) || postTaxOtherPerPeriod < 0) postTaxOtherPerPeriod = 0;
var payPeriods = getPayPeriods(payFrequencyValue);
var grossPayPerPeriod = annualGrossSalary / payPeriods;
// Annual Pre-Tax Deductions
var annualPreTax401k = annualGrossSalary * preTax401kPercent;
var annualPreTaxHealth = preTaxHealthPerPeriod * payPeriods;
var annualOtherPreTax = otherPreTaxPerPeriod * payPeriods;
var totalAnnualPreTaxDeductions = annualPreTax401k + annualPreTaxHealth + annualOtherPreTax;
// Taxable Income (Federal, State, City)
var annualFederalTaxableIncome = Math.max(0, annualGrossSalary – totalAnnualPreTaxDeductions);
var annualNYStateTaxableIncome = Math.max(0, annualGrossSalary – totalAnnualPreTaxDeductions); // NYS generally follows federal pre-tax deductions
var annualNYCCityTaxableIncome = Math.max(0, annualGrossSalary – totalAnnualPreTaxDeductions); // NYC generally follows NYS taxable income
// Calculate Annual Taxes
var annualFederalTax = calculateFederalTax(annualFederalTaxableIncome, federalFilingStatus);
var ficaTaxes = calculateFICA(annualGrossSalary, federalFilingStatus);
var annualSocialSecurityTax = ficaTaxes.socialSecurity;
var annualMedicareTax = ficaTaxes.medicare;
var annualNYStateTax = calculateNYStateTax(annualNYStateTaxableIncome, nyFilingStatus);
var annualNYCCityTax = calculateNYCCityTax(annualNYCCityTaxableIncome, nyFilingStatus);
// Per Period Calculations
var preTax401kPerPeriod = annualPreTax401k / payPeriods;
var totalPreTaxDeductionsPerPeriod = preTax401kPerPeriod + preTaxHealthPerPeriod + otherPreTaxPerPeriod;
var federalTaxPerPeriod = annualFederalTax / payPeriods;
var socialSecurityTaxPerPeriod = annualSocialSecurityTax / payPeriods;
var medicareTaxPerPeriod = annualMedicareTax / payPeriods;
var nyStateTaxPerPeriod = annualNYStateTax / payPeriods;
var nycTaxPerPeriod = annualNYCCityTax / payPeriods;
var totalTaxesPerPeriod = federalTaxPerPeriod + socialSecurityTaxPerPeriod + medicareTaxPerPeriod + nyStateTaxPerPeriod + nycTaxPerPeriod;
var totalPostTaxDeductionsPerPeriod = postTaxOtherPerPeriod;
var netPayPerPeriod = grossPayPerPeriod – totalPreTaxDeductionsPerPeriod – totalTaxesPerPeriod – totalPostTaxDeductionsPerPeriod;
// Display Results
var resultsDiv = document.getElementById("result");
resultsDiv.innerHTML =
"
Gross Pay per Period: $" + grossPayPerPeriod.toFixed(2) + "" +
"
Total Pre-Tax Deductions: $" + totalPreTaxDeductionsPerPeriod.toFixed(2) + "" +
"
Federal Income Tax: $" + federalTaxPerPeriod.toFixed(2) + "" +
"
Social Security Tax: $" + socialSecurityTaxPerPeriod.toFixed(2) + "" +
"
Medicare Tax: $" + medicareTaxPerPeriod.toFixed(2) + "" +
"
NY State Income Tax: $" + nyStateTaxPerPeriod.toFixed(2) + "" +
"
NYC Income Tax: $" + nycTaxPerPeriod.toFixed(2) + "" +
"
Total Post-Tax Deductions: $" + totalPostTaxDeductionsPerPeriod.toFixed(2) + "" +
"
Total Taxes & Deductions: $" + (totalPreTaxDeductionsPerPeriod + totalTaxesPerPeriod + totalPostTaxDeductionsPerPeriod).toFixed(2) + "" +
"
Net Pay per Period: $" + netPayPerPeriod.toFixed(2) + "";
}
// Run calculation on page load with default values
window.onload = calculatePay;