Alaska Paycheck Calculator

Calculate your take-home pay after federal & Alaska taxes

Updated for 2024 tax year on Apr 17, 2024

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

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

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. Calculate your total Alaska state income tax
   1. State payroll tax liability
      Gross income adjusted × State payroll tax rate = State payroll tax liability
4. Figure out your net pay
   Gross income − (Total income tax liability + Total payroll tax liability + Total pre-tax deductions + Total post-tax deductions + Total withholdings) = Your net pay
5. 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

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