1. What is this Calculator?

This calculator estimates your take-home pay in Texas by calculating federal income tax and FICA (Social Security and Medicare) contributions. Texas has no state income tax.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• Federal Tax - Based on your filing status and income level
• FICA - Social Security (6.2% up to wage base) + Medicare (1.45%)

3. Texas Tax Information

Details: Texas is one of the few states with no state income tax. However, residents still pay federal income tax and FICA contributions.

4. Using the Calculator

Tips: Enter your annual salary in USD and select your filing status. The calculator will estimate your federal tax, FICA contributions, and net salary.

5. Frequently Asked Questions (FAQ)

Q1: Why is there no state tax calculation?
A: Texas doesn't have a state income tax, so only federal taxes and FICA are calculated.

Q2: Are these tax estimates exact?
A: These are estimates. Actual taxes may vary based on deductions, credits, and other factors.

Q3: What about local taxes?
A: Some Texas cities may have local taxes, but these are not included in this calculator.

Q4: Why is Social Security capped?
A: For 2023, Social Security tax only applies to the first $147,000 of earnings.

Q5: What if I have additional income?
A: This calculator only considers your primary salary. Additional income may affect your tax bracket.