1. What is Take Home Pay?

Take home pay (or net pay) is the amount of money you actually receive after all deductions from your gross pay. In Texas, this includes federal taxes and FICA (Social Security and Medicare) but no state income tax.

2. How Does the Calculator Work?

The calculator uses a simple formula:

Where:

• Gross Pay — Your total earnings before any deductions
• Federal Tax — Amount withheld for federal income tax
• FICA — Social Security (6.2%) and Medicare (1.45%) taxes

3. Texas-Specific Considerations

No State Income Tax: Unlike most states, Texas doesn't have a state income tax, so it's not deducted from your paycheck.

Local Taxes: Some Texas cities may have local taxes that could affect take-home pay, but these are not included in this calculator.

4. Using the Calculator

Tips: Enter your gross pay (before deductions), federal tax withheld, and FICA amounts from your pay stub. All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: Why doesn't this calculator include Texas state tax?
A: Texas is one of a few states with no state income tax, so no deduction is needed for state taxes.

Q2: What's included in FICA?
A: FICA includes Social Security (6.2% on income up to $147,000 in 2022) and Medicare (1.45% on all wages, plus 0.9% on wages over $200,000 for single filers).

Q3: Are there other deductions not included here?
A: Yes, this calculator focuses on major deductions. Your actual paycheck may include other deductions like health insurance, retirement contributions, etc.

Q4: How accurate is this calculator?
A: It provides a basic estimate. For precise calculations, consult a tax professional or use IRS withholding calculator.

Q5: Does this account for tax credits or deductions?
A: No, this is a simple calculator based on amounts already withheld from your paycheck.