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
Overview of Alaska
Alaska has a population of under 1 million (2019) and is the largest state, twice the size of Texas. The state’s economy is heavily reliant on its natural resources, including oil, gas, and fishing. The median household income is $73,181 (2017).
- zero income tax rate ranges
- 0.5% State Unemployment Insurance (SUI) up to a certain taxable wage
- no standard deductions and exemptions
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:
- calculate your payroll tax liability [Net income × Payroll tax rate = Payroll tax liability]
- minus any tax liability, deductions, withholdings [Net income – (Payroll tax liability + Pre-tax deductions + Post-tax deductions + Withholdings) = Your paycheck]
State payroll tax
|Tax year||Tax name||Percent of taxable wage||Up to taxable wage|
|2022||State Unemployment Insurance (SUI)||0.56%||$45,200|
|2021||State Unemployment Insurance (SUI)||0.50%||$43,600|
|2020||State Unemployment Insurance (SUI)||0.50%||$41,500|
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.
Since there is no income tax, there is no need for exemptions.
What taxes do Alaskan pay?
Since there is no state-level income tax, Alaskans only need to pay 0.56% State Unemployment Insurance (SUI) payroll tax up to $45,200 taxable wage.
How much do you make after taxes in Alaska?
If married couples make $146,000 annually, your take-home pay after taxes will be $116,921.88.
For a single filer with an annual wage of $73,000, the take-home pay will be $58,334.38.
How much taxes will get deducted from a $73,000 paycheck in Alaska?
The total taxes deducted for a single filer are $1222.14 monthly or $564.06 bi-weekly.