See What a $100K Salary Looks Like After Taxes in Your State

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This article was published on 4 February 2024.  It may be of interest both to arriving immigrants and to U.S. citizens.

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See What a $100K Salary Looks Like After Taxes in Your State

 

A six-figure salary is a goal for many people.  However, even if you're fortunate enough to make a six-figure salary you may end up taking home a lot less home after taxes, depending upon the state you live in.

If federal taxes seem to take a big enough chunk, there are also FICA deductions, social security taxes, and you might have to pay state and local taxes, depending on where you live.  Each state has its own tax brackets and rates, so how much of your hard-earned money goes to taxes varies by state.

 

To determine just how much a $100k salary really looks like in every state, GOBankingRates pulled data from federal and state tax brackets from the Tax Foundation's 2023 data.  We then used an in-house income tax calculator to find both the effective and marginal tax rate on income of $100,000 in every state for a person filing their taxes as a single person and for a married couple filing jointly.  GOBankingRates also found the Federal Insurance Contributions Act tax with its rate sourced from the Social Security Administration.  These calculations were done for a person filing their taxes as a single person and for a married couple filing jointly.

Here's a look at how much you really take home from a $100K salary in every state.

 

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https://www.yahoo.com/finance/news/much-really-home-100k-salary-120009854.html