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Flexible Giving Account Calculator

A Flexible Giving Account (FGA) could help you keep more of your paycheck by reducing your Federal and state taxes. It allows you to give to charity on a pre-tax basis deducted from your paycheck.

Flexible Giving Account Calculator Definitions

Flexible Giving Account (FGA) Contribution
The amount that will be deducted from your pay annually for your FGA participation. All amounts up to $5,000 are considered pre-tax deductions from your income when you participate in your company's FGA plan. Individuals may contribute more than $5,000 annually, however contributions greater than $5,000 will be considered ordinary after-tax expense deductions.
Annual income
This is your annual gross pay, before any deductions. Please enter a dollar amount from $0 to $1,000,000.
Filing status
This is your income tax filing status. The choices are "Single" and "Married." Choose "Married" if you are married or file as "Head of household." Choose "Single" if you file your taxes as a single person or if you are married but file separately.
State and local taxes
This is the percentage that will be deducted for state and local taxes. **TAX_STATE_ALLOWANCE_DEFINITION** Please note, this calculator can only estimate your state and local tax withholding. The tax rate displayed is an assumption that may or may not be relevant to your situation.
Social Security tax
For 2018, Social Security tax is calculated as your gross earnings times 6.2%. For 2018, incomes over $128,400 that have already had the maximum Social Security tax of $7960.80 withheld will not have additional withholding. Please note that if you have other wages or employers this calculator does not make any assumptions as to the total Social Security tax withheld for the current year other than the actual inputs for this calculator. This tax is also referred to as the Federal Insurance Contributions Act Old Age Survivors and Disability Insurance (FICA OASDI).
Medicare tax
Medicare tax is calculated as your gross earnings times 1.45%. Unlike the Social Security tax, there is no annual limit to the Medicare tax. Starting in 2013, an additional Medicare tax of 0.9% is withheld on all gross earnings paid in excess of $200,000 in a calendar year. If you enter an amount for the year-to-date gross earnings, this additional Medicare tax will be calculated based on the current period's gross earnings that exceed the annual $200,000 threshold. If no year-to-date amount is entered, any additional Medicare tax withholding will be calculated only for any gross earnings in excess of $200,000 for the current payroll period. If year-to-date wages prior to the current payroll period have exceeded $200,000, the year-to-date wages must be entered to calculate an accurate additional Medicare tax.
Federal tax withholding calculations
**TAX_CALCULATION_DEFINITION**