Florida Paycheck Calculator | FL Tax Rates 2024 (2024)

Calculate your take-home pay per paycheck for salary and hourly jobs after federal & Florida taxes

Updated for 2024 tax year on Apr 24, 2024

What was updated?2024 federal/state/local income taxes, FICA, state payroll tax, federal/state standard deduction & state exemptions

Calculate your paycheck in these states

How to calculate your Florida paycheck

Understanding your Florida paycheck

Florida is a popular destination known for its sunny beaches and theme parks. But you are here for the state income tax (or lack of it). Here’s a breakdown of how your Florida paycheck works.

Like every other state, your earnings in Florida are subject to federal taxes. Your employer will withhold money from each paycheck to pay your federal income taxes. The amount withheld depends on your income, filing status, and the number of allowances you claim on your W-4 form. The W-4 form has recently been updated to reflect changes in tax laws, so make sure you fill it out accurately to avoid overpaying or underpaying your taxes.

In addition to federal taxes, your paycheck will also have deductions for FICA taxes. These taxes fund Social Security and Medicare, which you will benefit from in your retirement years. Your employer will withhold 6.2% of your earnings for Social Security, and for Medicare, 1.45%. Your employer will match these contributions, and any earnings over $200,000 are subject to an additional 0.9% Medicare tax.

Your employer may also deduct money for employee benefits, such as health, life, or disability insurance. If you participate in a 401(k) retirement plan, your contributions will count as pre-deductions. These contributions will lower your taxable income and reduce the income tax you owe.

Additional deductions may be taken from your Florida paycheck for items such as child support, wage garnishments, or retirement contributions.

It’s essential to understand the difference between pre-tax and post-tax deductions. Pre-tax deductions, like contributions to a 401(k), are deducted from your paycheck before taxes are taken out. This lowers your taxable income, which means you will owe less in taxes. Post-tax deductions, like child support or wage garnishments, are deducted from your paycheck after taxes are removed.

Your pay frequency can also affect the size of your paycheck. If you are paid more frequently, your paychecks will be smaller. If you are paid monthly, you will get a bigger check.

Calculate your Florida paycheck

Calculating your Florida state income tax is different from the steps we listed on our main paycheck calculator page:

1. Determine your gross income
   • Annual salary
     Annual salary = Gross income
   • Hourly wage
     Hourly wage × Hours worked per day × Days worked per week × Weeks worked per year = Your weekly paycheck
2. Work out your total federal income tax
   1. Gross income adjusted
      Gross income − Pre-tax deductions = Gross income adjusted
   2. Federal taxable income
      Gross income adjusted − Federal standard/itemized deductions = Federal taxable income
   3. Federal income tax liability
      Federal taxable income × Federal income tax rate = Federal income tax liability
   4. Federal payroll tax liability
      Gross income adjusted × Federal payroll tax rate = Federal payroll tax liability
3. Figure out your net pay
   You need to account for any other deductions such as health insurance, 401(k) contribution, as well as additional withholdings.
   Gross income − (Total income tax liability + Total payroll tax liability + Total pre-tax deductions + Total post-tax deductions + Total withholdings) = Your net pay
4. Divide your net pay by your pay frequency
   
   • Daily
     Your net pay / Days worked per week / Weeks worked per year = Your daily paycheck
   • Weekly
     Your net pay / 52 = Your weekly paycheck
   • Bi-weekly
     Your net pay / 26 = Your bi-weekly paycheck
   • Semi-monthly
     Your net pay / 24 = Your semi-monthly paycheck
   • Monthly
     Your net pay / 12 = Your monthly paycheck
   • Quarterly
     Your net pay / 4 = Your quarterly paycheck
   • Semi-annual
     Your net pay / 2 = Your semi-annual paycheck
   • Annual
     Your net pay = Your annual paycheck

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