How Much Money Would I Make After Taxes

The IRS released new tax brackets at the beginning of the year, which apply to income earned in 2020.
The federal income-tax ranges have been adjusted for inflation, and the standard deduction will be $12,400 for single filers and $24,800 for joint filers.
We used SmartAsset's paycheck calculator to find out how much Americans earning a $100,000 salary take home after federal, state, and local taxes in 2020.
Ready to file your 2019 tax return? Here are Business Insider's picks for the best tax software »

Most Americans have to pay taxes, but exactly how much you pay depends partly on where you live.

Every year, the IRS updates the federal income tax brackets for inflation. These determine how much tax you pay on different levels of income, based on your filing status.

On top of federal taxes, every state that taxes income has its own tax rates. Seven US states have no state income tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. New Hampshire and Tennessee don't have a state income tax, either, but they do tax interest and dividends.

In the chart below, you'll find the after-tax take-home pay for a $100,000-a-year salary in the 25 largest US cities, which we calculated using SmartAsset's paycheck calculator.

For the purposes of its calculation, we entered data for a single filer with no pre- or post-tax deductions, who must pay federal income taxes, as well as Medicare and Social Security, and state income taxes where applicable.

With that in mind, the amounts you see above will be lower if you pay for medical, dental, or vision insurance through your employer, which deducts a specific amount of money, pretax, from each paycheck; if you contribute to a health savings account (HSA) or flexible spending account (FSA); or if you contribute to a tax-advantaged retirement plan like a 401(k).

In the chart below, you'll find the bimonthly paycheck amount — that's 24 paychecks a year — for a $100,000 salary in the same cities listed above.

More tax day coverage:
When are taxes due?
How to file taxes for 2019
Should I do my own taxes?
Credit Karma vs. TurboTax
Where is my tax refund?

Tanza Loudenback

Correspondent, Personal Finance Insider

Tanza is a CERTIFIED FINANCIAL PLANNER™ and former correspondent for Personal Finance Insider. She broke down personal finance news and wrote about taxes, investing, retirement, wealth building, and debt management. She helmed a biweekly newsletter and a column answering reader questions about money. Tanza is the author of two ebooks, A Guide to Financial Planners and "The One-Month Plan to Master your Money." In 2020, Tanza was the editorial lead on Master Your Money, a yearlong original series providing financial tools, advice, and inspiration to millennials. Tanza joined Business Insider in June 2015 and is an alumna of Elon University, where she studied journalism and Italian. She is based in Los Angeles.