Austin Paycheck Calculator

Austin paycheck calculator estimates the take-home pay after tax for Austin City residents.

Take home pay calculator Austin

Austin City has no state and local income tax. This calculator calculates Federal income tax, social security tax, and Medicare tax. Gross income less federal income tax, social security tax, and Medicare tax is the take-home pay for Austin residents.

The social security tax rate is 6.2% and the Medicare tax is 1.45% of gross income. The maximum taxable earnings for social security tax is $142,800 for the year 2021. Single filers pay an additional 0.9% in Medicare taxes if income is over $200,000 ($250,000 for married filing jointly).

This calculator uses the standard deduction of $12,550 (single) and $25,100 (married filing jointly) for the year 2021. After gross income less standard deduction, that is taxable income subject to Federal income tax. There are seven Federal income tax brackets, 10%, 12%, 22%, 24%, 32%, 35%, and 37%. The top rate is 37% for taxable income over $523,600 (single) and $628,300 (married, filing jointly).