💼 Income Calculator 2026
Convert hourly wage to annual salary, break down income into monthly, bi-weekly, weekly, daily, and per-minute pay, estimate net take-home after taxes, calculate overtime, and compare job offers — with 2026 federal tax brackets, FICA rates, 401(k) limits, and state minimum wages.
💵 Enter Hourly Wage Details
📊 Full Income Breakdown
⚡ Common Hourly → Annual Quick Reference
📖 How to Use This Income Calculator
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1Select Your Starting Point — Hourly or Salary
Use Hourly to Salary mode if you know your hourly wage and want to see your annual salary, monthly pay, and all other pay periods. Use Salary to Hourly mode if you're evaluating a job offer with an annual salary and want to know your effective hourly rate and per-paycheck amounts. Both modes show results in real-time as you type.
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2Enter Your Hours and Weeks — Adjust for Unpaid Time Off
Standard full-time in the US is 40 hours/week × 52 weeks = 2,080 hours/year. If you take unpaid leave, reduce the weeks: e.g., 50 weeks for 2 weeks off. Part-time workers should adjust hours/week. Reducing weeks better reflects actual earned income versus standard annualisation.
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3Add Overtime for a Realistic Total
In Hourly mode, enter average overtime hours per week and select the multiplier (1.5× is the FLSA standard; 2.0× is double-time, required in California after 12hr/day). Overtime pay is calculated separately and added to regular pay for an accurate annual total. Salary mode doesn't include OT since exempt salaried workers typically aren't paid extra for overtime.
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4Configure Tax Rates for Your Situation
Enter your federal marginal rate (check the 2026 tax bracket table below), state rate (find your state in the table), and FICA is automatically added at 7.65% for employees (12.4% Social Security + 2.9% Medicare split equally; self-employed pay the full 15.3%). Add "Other Deductions" for 401(k) contributions, health insurance premiums, etc. to see truly accurate net pay.
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5Read the Full Breakdown and Quick Reference
The results panel breaks income into all pay frequencies — annual, monthly, semi-monthly, bi-weekly, weekly, and daily — for both gross and estimated net. The Quick Reference table shows how common hourly rates ($10–$75) translate to annual salary and monthly take-home, useful for comparing job offers side-by-side.
📐 Income Conversion Formulas — MathJax Rendered
\( A = W \times H \times N \qquad \text{(hourly to annual)} \)
\( W = \frac{A}{H \times N} \qquad \text{(annual to hourly)} \)
\( \text{Standard: } H = 40\;\text{hr/wk},\; N = 52\;\text{wk} \Rightarrow H \times N = 2{,}080\;\text{hr/yr} \)
\( \text{Example: } W = \$25,\; H = 40,\; N = 52 \Rightarrow A = 25 \times 40 \times 52 = \mathbf{\$52{,}000} \)
\( \text{Monthly} = \frac{A}{12} \qquad \text{Semi-Monthly} = \frac{A}{24} \qquad \text{Bi-Weekly} = \frac{A}{26} \)
\( \text{Weekly} = \frac{A}{52} \qquad \text{Daily (5-day)} = \frac{A}{260} \qquad \text{Per Minute (2080 hr)} = \frac{A}{124{,}800} \)
\( \text{Example: } A = \$52{,}000 \Rightarrow \text{Monthly} = \frac{52{,}000}{12} = \mathbf{\$4{,}333.33},\; \text{Bi-Weekly} = \frac{52{,}000}{26} = \mathbf{\$2{,}000} \)
\( \text{OT Pay (annual)} = W \times m \times h_{OT} \times N \)
\( A_{\text{total}} = A_{\text{regular}} + A_{\text{OT}} = (W \times H \times N) + (W \times m \times h_{OT} \times N) \)
\( = W \times N \times (H + m \cdot h_{OT}) \)
\( \text{Example: } W=\$20,\; N=52,\; H=40,\; h_{OT}=5,\; m=1.5 \)
\( A_{\text{OT}} = 20 \times 1.5 \times 5 \times 52 = \mathbf{\$7{,}800}\;\text{ (OT premium per year)} \)
\( T_{\text{FICA}} = A \times 7.65\% \quad (6.2\%\;\text{SS} + 1.45\%\;\text{Medicare}) \)
\( T_{\text{fed}} = A \times r_{\text{fed}} \qquad T_{\text{state}} = A \times r_{\text{state}} \)
\( A_{\text{net}} = A - T_{\text{FICA}} - T_{\text{fed}} - T_{\text{state}} - D_{\text{other}} \)
\( r_{\text{eff}} = r_{\text{fed}} + r_{\text{state}} + 7.65\% \qquad A_{\text{net}} = A \times (1 - r_{\text{eff}}) - D_{\text{other}} \)
\( \text{Example: } A = \$52{,}000,\; r_{\text{fed}}=22\%,\; r_{\text{state}}=5\%,\; r_{\text{eff}}=34.65\% \)
\( A_{\text{net}} = 52{,}000 \times (1 - 0.3465) = \mathbf{\$33{,}982} \)
📊 2026 US Federal Income Tax Brackets
| Rate | Single Filers (Taxable Income) | Married Filing Jointly | Head of Household |
|---|---|---|---|
| 10% | $0 – $11,925 | $0 – $23,850 | $0 – $17,000 |
| 12% | $11,926 – $48,475 | $23,851 – $96,950 | $17,001 – $64,850 |
| 22% | $48,476 – $103,350 | $96,951 – $206,700 | $64,851 – $103,350 |
| 24% | $103,351 – $197,300 | $206,701 – $394,600 | $103,351 – $197,300 |
| 32% | $197,301 – $250,525 | $394,601 – $501,050 | $197,301 – $250,500 |
| 35% | $250,526 – $626,350 | $501,051 – $751,600 | $250,501 – $626,350 |
| 37% | Over $626,350 | Over $751,600 | Over $626,350 |
🗺️ 2026 State Minimum Wages — Key States
| State | Min. Wage/hr (2026) | Annual (40hr/52wk) | Notes |
|---|---|---|---|
| California | $16.50 | $34,320 | Fast food: $20/hr; some $17+/hr cities |
| Washington | $16.66 | $34,653 | Highest state rate in 2026 |
| New York | $16.50 (NYC: $17) | $34,320–$35,360 | NYC/Long Island/Westchester higher |
| Massachusetts | $15.00 | $31,200 | Tipped: $6.75/hr + tips |
| Florida | $14.00 | $29,120 | Increases $1/yr to $15 by 2026 floor |
| Colorado | $14.81 | $30,805 | Adjusted annually for CPI |
| Illinois | $15.00 | $31,200 | Chicago: $16/hr+ |
| Texas | $7.25 | $15,080 | Federal minimum wage (unchanged since 2009) |
| Georgia | $7.25 | $15,080 | Federal minimum wage applies |
| Wyoming | $5.15 | $10,712 | Federal $7.25 applies in practice |
💰 Understanding US Income, Pay Periods & Payroll Taxes
Income in the United States takes many forms — hourly wages, salaried compensation, self-employment income, investment income, bonuses, commissions, tips, and side-gig earnings. For most workers, the primary income source is either an hourly wage or an annual salary, and converting between these is one of the most common financial calculations Americans perform — when comparing job offers, negotiating raises, evaluating total compensation, or simply budgeting monthly expenses.
The gross-to-net gap is remarkably large for most Americans. A worker earning $52,000/year in annual gross income may take home only $33,000–$36,000 after federal income tax, state income tax, and FICA payroll taxes — a reduction of 31–36% before even considering employee-paid health insurance premiums or 401(k) contributions. Understanding this gap empowers workers to negotiate correctly, budget realistically, and make informed financial decisions.
FLSA & Salary Threshold 2026
The Fair Labor Standards Act (FLSA) requires employers to pay overtime (1.5×) to non-exempt employees working over 40 hours/week. The salary threshold for "exempt" salaried employees was raised by the DOL: $684/week ($35,568/year) under the 2024 rule (with further increases phased in). Employees earning below this threshold must be paid overtime regardless of being salaried. Affected workers number in the millions — check your status with your employer or HR if you're salaried and regularly work over 40 hours without OT pay.
FICA, Social Security & Medicare Limits 2026
FICA (Federal Insurance Contributions Act) taxes fund Social Security and Medicare. Employees pay 6.2% Social Security (on wages up to the Social Security Wage Base — $176,100 in 2026) and 1.45% Medicare (no wage cap). Employers match these amounts. High earners also pay an Additional Medicare Tax of 0.9% on wages above $200,000 (single) / $250,000 (married). Self-employed individuals pay the full 15.3% (employee + employer shares combined) as Self-Employment Tax, but may deduct the employer half on their federal return.
401(k) & Retirement Limits 2026
Contributing to a 401(k) or 403(b) reduces your taxable income, shrinking your federal and state tax bills. The 2026 contribution limits: $23,500 elective deferral (employee contribution); catch-up: +$7,500 for ages 50–59 and 64+; special catch-up: +$11,250 for ages 60–63 (SECURE 2.0 Act). The total annual additions limit (employee + employer + profit sharing) is $70,000. A worker in the 22% federal bracket contributing $5,000/year saves approximately $1,100 in federal tax alone — a powerful incentive separate from the investment growth.
Total Compensation vs. Base Salary
Base salary is only part of your employment value. Total compensation includes: employer health insurance contribution ($7,000–$15,000/year in employer-paid premiums for family coverage), 401(k) match (often 3–6% of salary), paid time off (10–25 days = 2–10% of salary), employer FICA match (7.65%), life/disability insurance, tuition reimbursement, equity/RSUs (often $5,000–$50,000+/year at tech firms), and performance bonuses. A $60,000 salary with rich benefits easily equates to $85,000–$100,000 in total compensation — always evaluate the full package when comparing offers.