Nevada Paycheck Calculator

Calculate your take-home pay per paycheck for salary and hourly jobs after federal & Nevada taxes

Updated for 2024 tax year on Jul 06, 2024

Calculate your paycheck in these states

How to calculate your Nevada paycheck

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.

Brief summary:

• 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 main paycheck calculator page:

1. 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
2. Work out your total federal income tax
   1. Gross income adjusted
      Gross income − Pre-tax deductions = Gross income adjusted
   2. Federal taxable income
      Gross income adjusted − Federal standard/itemized deductions = Federal taxable income
   3. Federal income tax liability
      Federal taxable income × Federal income tax rate = Federal income tax liability
   4. Federal payroll tax liability
      Gross income × Federal payroll tax rate = Federal payroll tax liability
3. Figure out your net pay
   You need to account for any other deductions such as health insurance, 401(k) contribution, as well as additional withholdings.
   Gross income − (Total income tax liability + Total payroll tax liability + Total pre-tax deductions + Total post-tax deductions + Total withholdings) = Your net pay
4. Divide your net pay by your pay frequency
   
   • Daily
     Your net pay / Days worked per week / Weeks worked per year = Your daily paycheck
   • Weekly
     Your net pay / 52 = Your weekly paycheck
   • Bi-weekly
     Your net pay / 26 = Your bi-weekly paycheck
   • Semi-monthly
     Your net pay / 24 = Your semi-monthly paycheck
   • Monthly
     Your net pay / 12 = Your monthly paycheck
   • Quarterly
     Your net pay / 4 = Your quarterly paycheck
   • Semi-annual
     Your net pay / 2 = Your semi-annual paycheck
   • Annual
     Your net pay = Your annual paycheck

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