Net Income
TaxesThe amount of money remaining after all taxes, deductions, and withholdings are subtracted from gross income.
Example
Example: On a $75,000 salary, understanding net income could save you hundreds or thousands at tax time. For instance, if you are in the 22% marginal bracket, knowing how net income works helps you make smarter decisions about deductions, credits, and withholding. Check your tax picture with our income tax calculator.