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Paycheck Deductions Explained: Federal, State, FICA & More (2026)

Understand every line on your pay stub — federal income tax withholding, state taxes, Social Security, Medicare, health insurance, 401(k), and other deductions with current 2026 rates.

Mandatory Paycheck Deductions (2026 Rates)

Every W-2 employee has mandatory deductions that fund federal and state programs. These are not optional and are calculated based on your earnings and W-4 filing status.

DeductionRateWage LimitAnnual Max
Federal income tax10% – 37%NoneVaries
Social Security (OASDI)6.2%$176,100$10,918
Medicare (HI)1.45%NoneNo max
Additional Medicare0.9%Above $200KNo max
State income tax0% – 13.3%VariesVaries

Federal Income Tax Withholding

Your employer uses your W-4 form to calculate federal income tax withholding. The 2026 tax brackets for single filers are:

  • 10% on income up to $11,925
  • 12% on $11,926 to $48,475
  • 22% on $48,476 to $103,350
  • 24% on $103,351 to $197,300
  • 32% on $197,301 to $250,525
  • 35% on $250,526 to $626,350
  • 37% on income above $626,350

These are marginal rates — only income in each bracket is taxed at that rate, not your entire income. Use our salary calculator to see your exact federal withholding based on your W-4 selections.

FICA Taxes: Social Security and Medicare

FICA taxes fund Social Security retirement benefits and Medicare health coverage. Combined, they take 7.65% of your gross pay (your employer pays a matching 7.65%). Social Security stops at the wage base ($176,100 in 2026), but Medicare has no cap and adds a 0.9% surtax above $200,000.

For self-employed workers, FICA is even higher — they pay both the employee and employer shares (15.3% total). See our W-2 vs 1099 guide for a complete comparison. You can also check the self-employment tax calculator on LevyIO.

Pre-Tax vs Post-Tax Deductions

Understanding the difference saves you money:

Pre-Tax DeductionsPost-Tax Deductions
Traditional 401(k) contributionsRoth 401(k) contributions
Health insurance premiumsLife insurance (over $50K coverage)
HSA contributionsUnion dues
FSA contributionsWage garnishments
Commuter benefitsCharitable donations (via payroll)

Pre-tax deductions reduce your taxable income. If you are in the 22% bracket, every $100 in pre-tax deductions saves you $22 in federal taxes plus state taxes. This is why maximizing pre-tax contributions (401k, HSA) is one of the most effective tax strategies for W-2 employees.

States With No Income Tax

Nine states have no state income tax, which can significantly increase your take-home pay:

  • Alaska, Florida, Nevada, New Hampshire (dividends/interest only), South Dakota, Tennessee, Texas, Washington, Wyoming

For a worker earning $100,000, living in a no-tax state vs. California (13.3% top rate) could save $6,000 to $8,000 per year in state taxes. Compare states with our state income tax comparison.

Frequently Asked Questions

What percentage of my paycheck goes to taxes?

Total tax burden is typically 20-35% for most workers, including federal (10-37%), Social Security (6.2%), Medicare (1.45%), and state taxes (0-13.3%).

What is FICA tax and how much is it?

FICA is 7.65% of your wages: 6.2% Social Security (up to $176,100) + 1.45% Medicare (all wages). An extra 0.9% Medicare applies above $200,000.

What are pre-tax vs post-tax deductions?

Pre-tax deductions (401k, health insurance, HSA) reduce taxable income, saving you money. Post-tax deductions (Roth 401k, garnishments) are taken after taxes and do not reduce your current tax liability.

See Your Exact Deductions

Enter your salary and see a full deduction breakdown.

Net Pay Calculator

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