$
Each allowance reduces taxable income by $4,300/yr
%
2024 IRS limit: $23,000 (under 50) / $30,500 (50+)
$
2024 limits: $4,150 individual / $8,300 family
$
Health/dental/vision premiums, FSA, etc.
Age 65 or older?
Affects standard deduction & Medicare surtax threshold
Self-employed?
Adds self-employment tax (employer + employee FICA)
Enter your salary and click Calculate to see your take-home pay.
Estimated Net Pay
—
per month
Note: This calculator provides estimates for Madison, WI residents using 2024 tax rates. Wisconsin has no city income tax. Results are for informational purposes only and do not constitute tax advice. Consult a tax professional for your specific situation.