Nevada Paycheck Calculator
Calculate your take-home pay after federal & Nevada taxes
Updated for 2023 tax year on Dec 05, 2023
Paycheck calculators by state
Paycheck calculator for Nevada
Overview of Nevada
Nevada has a population of over 3 million (2019) and is known as the gambling and entertainment capital of the United States. The median household income is $58,003 (2017).
- zero income tax
- zero payroll tax
- no standard deductions and exemptions
- only need to pay federal income tax
Understanding your Nevada paycheck
Nevada, the Silver State, is known for its glittering lights, iconic casinos, and breathtaking landscapes. But another aspect that makes this state truly unique is its tax structure. We’ll walk you through how your Nevada paycheck is calculated, starting with federal taxes and exploring the absence of state income tax.
First and foremost, all U.S. workers are subject to federal income tax. Your income tax liability is based on your earnings and filing status. There is also a payroll tax (FICA) deducted from your paycheck. The combined FICA tax rate is 7.65%. 6.2% goes to Social Security, and 1.45% goes to Medicare.
If you’re self-employed, you’re responsible for the entire FICA tax totals 15.3%. This is known as the Self-Employment Tax and must be paid directly to the IRS.
Your paycheck is also influenced by the information you provide on Form W-4. This form contains all your details which determines how much federal tax is withheld from your wages. Additionally, your pay frequency affects the size of your paychecks and the amount of taxes withheld.
Marital status plays a crucial role in determining your tax liability. You can file jointly or separately if you’re married, impacting your tax brackets and deductions. You should consider contributing to a retirement fund, which might lower your overall tax liability.
The lack of income tax makes living and working in Nevada even better. You won’t see any deductions for state income taxes, allowing you to keep more of your hard-earned money.
Since Nevada doesn’t have an income tax, there are no state standard deductions or personal exemptions to claim. This further simplifies the tax situation for residents and workers.
Finally, post-tax deductions may appear on your paycheck. These are expenses taken out of your pay after taxes have been withheld. Common examples include court-ordered garnishments, child support, and charitable contributions. While these deductions won’t impact your tax liability, they will affect your take-home pay.
Calculate your Nevada paycheck
Calculating your Nevada state income tax is different from the steps we listed on our Federal paycheck calculator:
- 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
- Annual salary
- Work out your total federal income tax
- Gross income adjusted
Gross income − Pre-tax deductions = Gross income adjusted
- Federal taxable income
Gross income adjusted − Federal standard/itemized deductions = Federal taxable income
- Federal income tax liability
Federal taxable income × Federal income tax rate = Federal income tax liability
- Federal payroll tax liability
Gross income adjusted × Federal payroll tax rate = Federal payroll tax liability
- Gross income adjusted
- 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
- Divide your net pay by your pay frequency
Your net pay / Days worked per week / Weeks worked per year = Your daily paycheck
Your net pay / 52 = Your weekly paycheck
Your net pay / 26 = Your bi-weekly paycheck
Your net pay / 24 = Your semi-monthly paycheck
Your net pay / 12 = Your monthly paycheck
Your net pay / 4 = Your quarterly paycheck
Your net pay / 2 = Your semi-annual paycheck
Your net pay = Your annual paycheck
State payroll tax
There is no state-level payroll tax.
State income tax brackets
There is no need to pay any state-level income tax.
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 Nevadans pay?
There is no state-level income tax. All you need to pay is the federal income tax.
How much do you make after taxes in Nevada?
Residents of Nevada only need to pay the federal income tax. A single filer with an annual salary of $58,000 will take home $48,485 after taxes.
A married couple with a combined annual income of $116,000 will take home $96,970.
How much taxes are deducted from a $58,000 paycheck in Nevada?
The total taxes deducted for a single filer are $792.92 monthly or $365.96 bi-weekly.