Financial Calculators from

Dinkytown AutoSaveThe best financial calculators anywhere! Now even better with Dinkytown AutoSave. Work, save and email your results!

Payroll Deductions Calculator

Use this calculator to help you determine the impact of changing your payroll deductions. You can enter your current payroll information and deductions, and then compare them to your proposed deductions. Try changing your withholdings, filing status or retirement savings and let the payroll deduction calculator show you the impact on your take home pay. This calculator uses the 2016 withholding schedules, rules and rates (IRS Publication 15).

Your proposed changes give you PAY_CHANGE PAY_LABEL_LC.

Your total deductions change from TOTAL_DEDUCTIONS1 to TOTAL_DEDUCTIONS2 leaving you with a net paycheck of DD_PROPOSED8 PAY_LABEL_LC. This is PAY_CHANGE per pay period than your current net paycheck of DD_CURRENT8. **GRAPH****GRAPH**
Paycheck Withholding Summary
*Source: Publication 15 Income Tax Withholding Tables for 2016

Payroll Deductions Calculator Definitions

Pay period
This is how often you are paid. Your selections are: Weekly (52 paychecks per year), Every other week (26 paychecks per year), Twice a month (24 paychecks per year), Monthly (12 paychecks per year), and Annually (one paycheck per year).
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.
Gross pay
This is your gross pay, before any deductions, for the pay period. Please enter a dollar amount from $1 to $1,000,000.
Number of allowances
When your Federal income tax withholdings are calculated, you are allowed to claim allowances to reduce the amount of the Federal income tax withholding. In 2016, each allowance you claim is equal to $4,050 of income that you expect to have in deductions when you file your annual tax return. The number of allowances you should claim depends largely on the number of dependents you have and your itemized deductions. This calculator allows from 0 to 99 allowances.
401(k)/403(b) plan withholding
This is the percent of your gross income you put into a taxable deferred retirement account such as a 401(k) or 403(b). While increasing your retirement account savings does lower your take home pay, it also lowers your Federal income tax withholdings. The impact on your paycheck might be less than you think. While your plan may not have a deferral percentage limit, this calculator limits deferrals to 80% to account for FICA (Social Security and Medicare) taxes. Please note that your 401(k) or 403(b) plan contributions may be limited to less than 80% of your income. Check with your plan administrator for details. For 2016, the maximum contribution to a 401(k) or 403(b) is $18,000 per year for individuals under 50 and $24,000 for individuals 50 or older.
Employee paid health insurance
Health insurance premiums deducted from your pay. Do not include any amounts paid directly by your employer. Your health insurance premiums are not subject to FICA or Medicare taxes.
State and local taxes
This is the percentage that will be deducted for state and local taxes. We take your gross pay, minus $4,050 per allowance, times this percentage to calculate your estimated state and local taxes. Please note, this calculator can only estimate your state and local withholdings. The tax rate displayed is an assumption that may or may not be relevant to your situation.
Other pre-tax deductions
Enter any other deductions that is made with pre-tax income. This amount will not be subject to income taxes, but is taxable in regards to require FICA and Medicare.
Post-tax deductions
Enter any payroll deductions made by your employer that are made with after-tax income.
Post-tax reimbursements
Enter any reimbursements made by your employer that are after-tax.
Year-to-date earnings
Your current year gross earnings that were subject to FICA taxes (Social Security tax and Medicare tax). This total should not include the current payroll period or any income from other sources or employers. We use this amount to determine if you are required to have Social Security tax or additional Medicare tax withheld for the current payroll period. Typically, this is your gross earnings minus employer paid health insurance and any Flexible Spending Account (FSA) contributions. In 2016, year-to-date earnings is not required or used for incomes under $118,500 per year, or if your current year-to-date earnings plus your current payroll does not exceed $118,500.
Social Security tax
For 2016, Social Security tax is calculated as your gross earnings times 6.2%. For 2016, incomes over $118,500 that have already had the maximum Social Security tax of $7,347 withheld will not have additional withholdings. 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
Federal income tax withholdings were calculated by:
  1. Multiplying taxable gross wages by the number of pay periods per year to compute your annual wage.
  2. Subtracting the value of allowances allowed (for 2016, this is $4,050 multiplied by withholding allowances claimed).
  3. Determining your annual tax by using the tables below (single and married rates, respectively).
  4. Dividing the amount of tax by the number of pay periods per year to arrive at the amount of federal withholding tax to be deducted per pay period.
Single Withholding Rates 2016*
Annual taxable income between these amountsAnnual withholdingWithhold additional % of income over this amount
$0.00 - $2,250.00$0.00 
$2,250.00 - $11,525.00$0.00plus 10% of income over $2,250.00
$11,525.00 - $39,900.00$927.50plus 15% of income over $11,525.00
$39,900.00 - $93,400.00$5,183.75plus 25% of income over $39,900.00
$93,400.00 - $192,400.00$18,558.75plus 28% of income over $93,400.00
$192,400.00 - $415,600.00$46,278.75plus 33% of income over $192,400.00
$415,600.00 - $417,300.00$119,934.75plus 35% of income over $415,600.00
$417,300.00 - (no limit)$120,529.75plus 39.60% of income over $417,300.00
*Source: Publication 15 Income Tax Withholding Tables for 2016
Married Withholding Rates 2016*
Annual taxable income between these amountsAnnual withholdingWithhold additional % of income over this amount
$0.00 - $8,550.00$0.00 
$8,550.00 - $27,100.00$0.00plus 10% of income over $8,550.00
$27,100.00 - $83,850.00$1,855.00plus 15% of income over $27,100.00
$83,850.00 - $160,450.00$10,367.50plus 25% of income over $83,850.00
$160,450.00 - $240,000.00$29,517.50plus 28% of income over $160,450.00
$240,000.00 - $421,900.00$51,791.50plus 33% of income over $240,000.00
$421,900.00 - $475,500.00$111,818.50plus 35% of income over $421,900.00
$475,500.00 - (no limit)$130,578.50plus 39.60% of income over $475,500.00
*Source: Source: Publication 15 Income Tax Withholding Tables for 2016

The Best Financial Calculators Anywhere!

Put them on your website!

© 1998-2016 KJE Computer Solutions, LLC
Financial Calculators at
(612) 331-2291
1730 New Brighton Blvd. PMB #111
Minneapolis, MN 55413