Texas Paycheck Calculator

Calculate your take-home pay after federal & Texas taxes

Updated for 2023 tax year on Mar 15, 2023

Paycheck calculators by state

Paycheck calculator for Texas

Understanding your Texas paycheck

Two towering figures loom large in the vast financial territory of Texas paychecks: federal income taxes and FICA taxes. Federal income taxes depending on your income, filing status, and exemptions. FICA taxes, on the other hand, support Social Security and Medicare. The self-employed face a more challenging financial frontier, bearing the entire 15.3% FICA tax burden, though certain deductions may help soften the impact.

The FICA tax frontier expands for those with income exceeding $200,000. These high-income earners face an additional Medicare tax of 0.9%, bringing their total FICA tax rate for Medicare to 2.35%—a critical consideration when planning your financial journey.

Form W-4 serves as a map for your employer, guiding them to the appropriate amount of federal income tax to withhold from your paycheck. This form takes into account your filing status, income, and dependents. Keep your W-4 updated whenever significant life changes occur, such as marriage or the birth of a child.

Your marital status and pre-tax deductions are crucial in navigating the Texas financial landscape. Pre-tax deductions, such as 401(k) contributions or Health Savings Account (HSA) deposits, reduce your taxable income and may lower your overall tax burden.

In the Lone Star State, you’ll find a unique tax oasis. Texas lacks a state income tax, payroll tax, standard deductions, and exemptions. This absence of state taxes makes it essential to focus on federal tax planning strategies to optimize your financial situation.

The final stretch of your Texas paycheck adventure lies in the realm of post-tax deductions. After calculating taxes, these deductions are taken from your pay and may include union dues, charitable donations, wage garnishments, or after-tax retirement account contributions. Understanding post-tax deductions empowers you to assess your take-home pay accurately and make well-informed financial decisions.

Calculate your Texas paycheck

Texas tax year starts from July 01 the year before to June 30 the current year. So the tax year 2021 will start from July 01 2020 to June 30 2021.

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.

State exemptions

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

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