Raise calculator: what you keep after tax
Enter your salary, the raise percent and your state. The page shows the new paycheck, the yearly gain after tax, and the share of the raise you keep.
A 5% raise: $70,000 to $73,500
Your paycheck goes up about $94.69 every two weeks ($2,233.66 to $2,328.35), or $2,462 a year after tax in Texas.
You keep 70.3% of the raise. The rest, $1,037 a year, is federal tax, Social Security, Medicare and Texas tax.
Single filer, blank 2020 W-4, paid every two weeks, no benefits, no city tax.
Watch it worked through
- Salary Increase Calculator: Your 5% Raise (YouTube Short)
Paycheck Zip videos use the same calculator as this page. Figures in a video are from the day it was made; the page is kept current.
Keep reading
Questions
How much of a raise do I keep?
It depends on your bracket and state. Federal income tax rises with the marginal rate, and Social Security and Medicare take 7.65% of the extra pay. This page runs the paycheck engine before and after the raise and reports the difference.
Does a raise push me into a higher tax bracket on everything?
No. Only the dollars above a bracket threshold are taxed at the higher rate.
Which filing status does it assume?
A single filer with a blank 2020 W-4, paid every two weeks, with no benefits and no city tax.