Paycheck Calculator (US)

Loop Cupcakes

Contains ads

About this app

We created Paycheck Calculator because we were constantly asking ourselves 🤔 the following questions:

💵 How would my paycheck look like if...
- I accepted a job with a yearly salary of X?
- I received a raise of X dollars per hour?
- I moved to X city?
- I worked X hours of overtime this week?
- I increased my 401k contribution by X percentage?
- I received a commission of X dollars this week?

And we wanted something simple that could be quickly pulled up on the phone, had a previous calculation saved, and computed the deductions as soon as I changed a single number.

So basically the app is solving the problem of knowing how much money will one make after taxes. It does it by computing a few formulas given by the IRS based on the 2020 brackets, it also adds a few extra variables related to social security, medicare, and other federal deductions.

Overtime is a common concept and most people want to know how would their paycheck work if they do a couple of hours a certain date, what happens if there is double-overtime, the app allows to add all those inputs in simple visible cards.

In order to be even a little bit more accurate, the app contains a few additions to state taxes and they are automatically deducted after the user selects its location.

Besides deducting federal, social security, medicare, and state taxes, the app has extra inputs to add customized deductions, for example, a 401k contribution, an HSA addition, child-care, between others. The deductions can be customized pre-tax or after-tax.

Allowances are something that might be tricky and it's normally not widely known to be used to calculate the net income, we've added a small slider to input any number from 0 to more than 10 allowances.

Finally, the app allows you to add any kind of extra income, pre-tax or after-tax, tips received, bonuses, commissions, the extra money that your boss gives you based on performance, you're able to tweak your whole income completely.

The tax calculator allows you to customize all these inputs in a yearly or hourly setup, they can be calculated in different pay periods, like daily, bi-weekly, semimonthly, quarterly, yearly, etcetera, and all the numbers are quickly calculated at realtime in a single page layout.

Do you know how much money will be there at the end of the week? Will you be able to order that extra queso tonight? Give it a try and figure it out yourself!

DISCLAIMER: The application does not give legal tax advice, it's merely informative. All the calculations are done locally on the device based on brackets already loaded up and we have no way of looking of the information it's entered in the app.

Ratings and reviews

Love it, but it is missing a few components. The first one, is the ability to choose exempt for the tax status under allowances. The second thing is the Medicare and Social Security taxes are not calculating correctly for Florida. The calculator calculates less than what actually comes out of my check by about $12. The ladt thing that would be great to have, is the ability to calculate multiple checks alongside each other for those that have more than one job. Other than these items I love it.

I love the simplicity and barebones productivity of this app! This app has one assignment and does it exceedingly well. I use the Paycheck Calculator to quickly and accurately (give or take a few dollars) predict my paychecks based on hours worked, including overtime. Outstanding for financial planning! It saves my last calculation and instantly updates it if I make any changes. Simple, but impressive! The app looks a bit sad and bland though. Could use some sprucing up.

I love this! It's a simple calculator, and doesn't ask you to link your bank account to calculate your pay. You can enter the numbers from your last pay stub, then just change the hours to see what your gross/net will be. It's accurate, reliable, doesn't glitch (i've been using it for 6 months), doesn't use much storage space... love it! I definitely recommend this one.

What's new

Updated with 2023 tax brackets