Net salary — what's left in your pocket?
Enter your gross monthly salary and find out what you actually take home after income tax and social security.
How to use the Calculator
Enter your annual or monthly gross salary. The calculator applies 2024 IRS brackets and deducts Social Security (11%) and solidarity surcharge where applicable.
Best practices
Budget using net income — never gross. Include holiday and Christmas bonuses in your monthly average if relevant to your planning.
Common mistakes
Confusing gross with net when calculating the FIRE target. Ignoring that IRS brackets are progressive — each additional euro is taxed at the marginal rate, not the effective rate.
When it makes sense (and when it doesn't)
Ideal for employees in Portugal. Freelancers and self-employed workers have different taxation — use this calculator as a reference only.
What does this mean?
The net salary is the amount you receive after mandatory Social Security deductions (11%) and income tax (IRS) withholding. Knowing this figure helps you plan your budget based on what actually arrives in your account.
Learn the theory
Coming soon: dedicated article.
Watch the tutorial
Coming soon: video tutorial.