Alaska Paycheck Calculator

Calculate your take-home pay after federal & Alaska taxes

Updated for 2023 tax year on Mar 15, 2023

Paycheck calculators by state

Paycheck calculator for Alaska

Understanding your Alaska paycheck

Alaska has unique payroll practices that set it apart from other states. We will explore the various components of an Alaskan paycheck and help you understand how your hard-earned money is allocated.

First, you are subject to federal income taxes. Your income tax liability is based on your income, filing status, and other factors. You will also pay FICA taxes – Social Security (6.2%) and Medicare (1.45%). These taxes fund social insurance programs for retirement, disability, and healthcare benefits.

If you earn over $200,000, you need to pay an extra 0.9% for Medicare.

When starting a new job or changing your withholding allowances, you must complete an IRS Form W-4. This form helps your employer determine the correct amount of federal income tax to withhold from your paycheck. Your pay frequency will also impact the amount withheld and your take-home pay.

Your marital status plays a role in determining your federal income tax, thus the withholding from your paycheck. Additionally, you may have pre-tax deductions, which reduce your taxable income and tax liability. Some example are contributions to retirement plans or health savings accounts

There is no income tax for Alaskans. Instead, Alaska funds its state government primarily through oil and gas revenues. There also is a payroll tax for State Unemployment Insurance (SUI) up to a certain wage.

Since the state has no income tax, residents cannot claim standard deductions or personal exemptions.

Post-tax deductions are amounts taken from your paycheck after taxes are withheld. These deductions may include charitable contributions, garnishments, or voluntary benefits such as life insurance premiums. Post-tax deductions do not reduce your taxable income but may provide other financial advantages depending on your circumstances.

Calculate your Alaska paycheck

Alaska tax year starts from July 01 the year before to June 30 the current year. So the tax year 2022 will start from July 01 2021 to June 30 2022.

Calculating your Alaska state income tax is different from the steps we listed on our Federal paycheck calculator:

1. calculate your payroll tax liability [Net income × Payroll tax rate = Payroll tax liability]
2. minus any tax liability, deductions, withholdings [Net income – (Payroll tax liability + Pre-tax deductions + Post-tax deductions + Withholdings) = Your paycheck]

State payroll tax

State income tax brackets

There is no income tax in Alaska.

State standard deduction

Since there is no income tax, there is no need for standard deductions.

State exemptions

Since there is no income tax, there is no need for exemptions.

FAQs