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Calculating bonuses after tax can be tricky since bonuses are often taxed at higher rates than regular salary. This bonus calculator helps you determine your actual take-home bonus amount by accounting for income taxes, Social Security, Medicare, and other deductions. Perfect for employees, sales professionals, managers, and anyone receiving performance bonuses or commissions.
Bonus calculations start with your gross bonus amount and apply various tax deductions. First, federal income tax is calculated based on your tax bracket. Then, FICA taxes (Social Security and Medicare) are applied at the full rate. State income tax may also apply depending on your location. The result is your net bonus - the actual amount you'll receive in your paycheck or bank account.
Scenario: An employee receives a €5,000 performance bonus with a 20% tax rate.
Results: Gross bonus: €5,000 | Estimated tax: €1,000 | Net bonus: €4,000 | Added to annual salary: €4,000
This calculator provides reliable estimates based on standard tax rates and deduction percentages. Actual amounts may vary based on your specific tax situation, location, and employer policies.
Yes, it includes estimates for federal income tax, FICA taxes (Social Security and Medicare), and allows you to add state or local tax rates for more accurate calculations.
Yes! You can calculate bonuses that occur monthly, quarterly, or annually by adjusting the bonus amount and frequency accordingly.
This calculator focuses specifically on bonus amounts. For combined salary and bonus calculations, use our salary calculator and add the bonus amount separately.
Yes, completely free with no registration required. All calculations are performed instantly in your browser with no data stored on our servers.
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