Nebraska Paycheck Calculator

Nebraska Paycheck Calculator

Estimate your net pay in Nebraska after federal and state taxes, and common deductions.

Weekly Bi-weekly Semi-monthly Monthly

Federal Withholding

Single Married Filing Jointly

Nebraska Withholding

Single Married Filing Jointly

Deductions

function calculatePaycheck() { // Get input values var grossPay = parseFloat(document.getElementById('grossPay').value); var payFrequency = parseInt(document.getElementById('payFrequency').value); var federalFilingStatus = document.getElementById('federalFilingStatus').value; var federalDependents = parseInt(document.getElementById('federalDependents').value); var nebraskaFilingStatus = document.getElementById('nebraskaFilingStatus').value; var nebraskaAllowances = parseInt(document.getElementById('nebraskaAllowances').value); var preTaxDeductions = parseFloat(document.getElementById('preTaxDeductions').value); var postTaxDeductions = parseFloat(document.getElementById('postTaxDeductions').value); // Validate inputs if (isNaN(grossPay) || grossPay < 0) { document.getElementById('result').innerHTML = 'Please enter a valid Gross Pay.'; return; } if (isNaN(federalDependents) || federalDependents < 0) { document.getElementById('result').innerHTML = 'Please enter a valid number for Federal Dependents.'; return; } if (isNaN(nebraskaAllowances) || nebraskaAllowances < 0) { document.getElementById('result').innerHTML = 'Please enter a valid number for Nebraska Allowances.'; return; } if (isNaN(preTaxDeductions) || preTaxDeductions < 0) { document.getElementById('result').innerHTML = 'Please enter a valid amount for Pre-tax Deductions.'; return; } if (isNaN(postTaxDeductions) || postTaxDeductions additionalMedicareThresholdSingle) { annualMedicareTax += (annualTaxableForFICA – additionalMedicareThresholdSingle) * additionalMedicareRate; } else if (federalFilingStatus === 'married' && annualTaxableForFICA > additionalMedicareThresholdMarried) { annualMedicareTax += (annualTaxableForFICA – additionalMedicareThresholdMarried) * additionalMedicareRate; } var ficaTaxPerPeriod = (annualSocialSecurityTax + annualMedicareTax) / payFrequency; // — Federal Income Tax (FIT) — var federalStandardDeduction; var federalTaxBrackets; // [ {min, max, rate}, … ] var childTaxCreditPerDependent = 2000; // 2024 if (federalFilingStatus === 'single') { federalStandardDeduction = 14600; // 2024 federalTaxBrackets = [ { min: 0, max: 11600, rate: 0.10 }, { min: 11601, max: 47150, rate: 0.12 }, { min: 47151, max: 100525, rate: 0.22 }, { min: 100526, max: 191950, rate: 0.24 }, { min: 191951, max: 243725, rate: 0.32 }, { min: 243726, max: 609350, rate: 0.35 }, { min: 609351, max: Infinity, rate: 0.37 } ]; } else { // Married Filing Jointly federalStandardDeduction = 29200; // 2024 federalTaxBrackets = [ { min: 0, max: 23200, rate: 0.10 }, { min: 23201, max: 94300, rate: 0.12 }, { min: 94301, max: 201050, rate: 0.22 }, { min: 201051, max: 383900, rate: 0.24 }, { min: 383901, max: 487450, rate: 0.32 }, { min: 487451, max: 731200, rate: 0.35 }, { min: 731201, max: Infinity, rate: 0.37 } ]; } var annualTaxableIncomeFederal = annualGrossPay – annualPreTaxDeductions – federalStandardDeduction; annualTaxableIncomeFederal = Math.max(0, annualTaxableIncomeFederal); // Cannot be negative var annualFederalTax = 0; for (var i = 0; i bracket.min) { var taxableInBracket = Math.min(annualTaxableIncomeFederal, bracket.max) – bracket.min; annualFederalTax += taxableInBracket * bracket.rate; } } // Apply Child Tax Credit var totalChildTaxCredit = federalDependents * childTaxCreditPerDependent; annualFederalTax = Math.max(0, annualFederalTax – totalChildTaxCredit); var federalTaxPerPeriod = annualFederalTax / payFrequency; // — Nebraska State Income Tax (NE SIT) — var nebraskaStandardDeduction; var nebraskaPersonalExemptionValue = 150; // Per allowance, 2024 var nebraskaTaxBrackets; // [ {min, max, rate}, … ] if (nebraskaFilingStatus === 'single') { nebraskaStandardDeduction = 7700; // 2024 nebraskaTaxBrackets = [ { min: 0, max: 3799, rate: 0.0246 }, { min: 3800, max: 15199, rate: 0.0351 }, { min: 15200, max: 30399, rate: 0.0501 }, { min: 30400, max: Infinity, rate: 0.0584 } // Top bracket for 2024 ]; } else { // Married Filing Jointly nebraskaStandardDeduction = 15400; // 2024 nebraskaTaxBrackets = [ { min: 0, max: 7599, rate: 0.0246 }, { min: 7600, max: 30399, rate: 0.0351 }, { min: 30400, max: 60799, rate: 0.0501 }, { min: 60800, max: Infinity, rate: 0.0584 } // Top bracket for 2024 ]; } var annualTaxableIncomeNebraska = annualGrossPay – annualPreTaxDeductions – nebraskaStandardDeduction – (nebraskaAllowances * nebraskaPersonalExemptionValue); annualTaxableIncomeNebraska = Math.max(0, annualTaxableIncomeNebraska); // Cannot be negative var annualNebraskaTax = 0; for (var j = 0; j neBracket.min) { var taxableInNeBracket = Math.min(annualTaxableIncomeNebraska, neBracket.max) – neBracket.min; annualNebraskaTax += taxableInNeBracket * neBracket.rate; } } var nebraskaTaxPerPeriod = annualNebraskaTax / payFrequency; // — Calculate Net Pay — var totalDeductionsPerPeriod = preTaxDeductions + ficaTaxPerPeriod + federalTaxPerPeriod + nebraskaTaxPerPeriod + postTaxDeductions; var netPayPerPeriod = grossPay – totalDeductionsPerPeriod; // Display results var resultHtml = '

Your Estimated Paycheck

'; resultHtml += 'Gross Pay per Period: $' + grossPay.toFixed(2) + "; resultHtml += 'Pre-tax Deductions: $' + preTaxDeductions.toFixed(2) + "; resultHtml += 'Federal Income Tax: $' + federalTaxPerPeriod.toFixed(2) + "; resultHtml += 'Social Security Tax: $' + (annualSocialSecurityTax / payFrequency).toFixed(2) + "; resultHtml += 'Medicare Tax: $' + (annualMedicareTax / payFrequency).toFixed(2) + "; resultHtml += 'Nebraska State Income Tax: $' + nebraskaTaxPerPeriod.toFixed(2) + "; resultHtml += 'Post-tax Deductions: $' + postTaxDeductions.toFixed(2) + "; resultHtml += 'Total Deductions: $' + totalDeductionsPerPeriod.toFixed(2) + "; resultHtml += 'Estimated Net Pay per Period: $' + netPayPerPeriod.toFixed(2) + "; document.getElementById('result').innerHTML = resultHtml; }

Understanding Your Nebraska Paycheck

Navigating your paycheck can sometimes feel like deciphering a complex code. For residents of Nebraska, understanding the various deductions, from federal taxes to state income tax and FICA contributions, is key to managing your personal finances. Our Nebraska Paycheck Calculator is designed to give you a clear estimate of your take-home pay, helping you plan your budget more effectively.

How Your Paycheck is Calculated

Your net pay (what you actually take home) is determined by subtracting various deductions from your gross pay (your total earnings before any deductions). These deductions typically fall into a few main categories:

1. Federal Income Tax (FIT)

This is a mandatory tax levied by the U.S. government on your earnings. The amount withheld depends on several factors, including your filing status (Single, Married Filing Jointly, etc.), the number of dependents you claim, and your total income. The federal tax system uses a progressive tax bracket structure, meaning higher earners pay a higher percentage of their income in taxes.

For 2024, federal tax brackets and standard deductions are used in our calculator to provide an accurate estimate. Factors like the Child Tax Credit can also reduce your federal tax liability.

2. FICA Taxes (Social Security and Medicare)

FICA stands for the Federal Insurance Contributions Act. These taxes fund Social Security, which provides benefits for retirees, the disabled, and survivors, and Medicare, which provides health insurance for the elderly and some disabled individuals.

• Social Security: As of 2024, the employee contribution rate is 6.2% of your gross wages, up to an annual wage base limit of $168,600. Any earnings above this limit are not subject to Social Security tax.
• Medicare: The employee contribution rate is 1.45% of all your gross wages, with no wage base limit. Additionally, high-income earners may be subject to an Additional Medicare Tax of 0.9% on earnings above certain thresholds ($200,000 for single filers, $250,000 for married filing jointly).

3. Nebraska State Income Tax (NE SIT)

Nebraska imposes its own state income tax on residents' earnings. Like the federal system, Nebraska uses a progressive tax bracket system, with rates varying based on your income level and filing status. The amount withheld also depends on the number of allowances you claim on your Nebraska W-4 form.

For 2024, Nebraska's tax brackets and standard deductions are incorporated into our calculator to help estimate your state tax liability.

4. 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 Account (FSA) contributions. Because these deductions reduce your taxable income, they can lower your overall tax burden.

5. Post-tax Deductions

These deductions are taken from your pay after all applicable taxes have been calculated and withheld. Examples include contributions to a Roth 401(k) or Roth IRA, union dues, or certain charitable contributions made directly from your paycheck.

How to Use the Calculator

1. Gross Pay per Pay Period: Enter your total earnings for one pay period before any deductions.
2. Pay Frequency: Select how often you get paid (e.g., weekly, bi-weekly, monthly).
3. Federal Filing Status & Dependents: Choose your federal tax filing status and enter the number of dependents you claim for federal tax purposes.
4. Nebraska Filing Status & Allowances: Select your Nebraska tax filing status and enter the number of allowances you claim on your Nebraska W-4.
5. Pre-tax Deductions: Input any amounts deducted from your pay before taxes (e.g., 401k, health insurance).
6. Post-tax Deductions: Input any amounts deducted after taxes (e.g., Roth 401k, union dues).
7. Click "Calculate Net Pay" to see your estimated take-home pay and a breakdown of deductions.

Important Considerations

This calculator provides an estimate based on current tax laws and common deductions. Your actual paycheck may vary due to specific employer benefits, local taxes (Nebraska does not have local income taxes, but some cities may have other local taxes or fees), or other unique withholding situations. It's always a good idea to consult with a financial advisor or your HR department for personalized advice.

Tax laws can change, so it's important to stay informed about any updates that might affect your take-home pay.