2014 Payroll Federal Tax Withholding Calculator
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Reviewed by Calculator Editorial Team
Calculate your 2014 federal payroll tax withholding using this IRS-approved calculator. Enter your gross pay, filing status, and exemptions to determine your federal income tax and Social Security tax withholding amounts.
How to Use This Calculator
To calculate your 2014 federal payroll tax withholding:
- Enter your gross pay amount in the "Gross Pay" field.
- Select your filing status from the dropdown menu.
- Enter the number of exemptions you're claiming in the "Exemptions" field.
- Click the "Calculate" button to see your withholding amounts.
The calculator will display your federal income tax withholding and Social Security tax withholding amounts based on the 2014 IRS tax tables.
Formula Used
The calculator uses the following formulas to determine your 2014 federal payroll tax withholding:
Federal Income Tax Withholding
Federal income tax withholding is calculated using the 2014 IRS tax brackets and rates. The formula is:
Federal Income Tax = (Gross Pay - Standard Deduction - (Exemptions × $3,900)) × Tax Rate
Where:
- Standard Deduction varies by filing status (see IRS tables)
- Tax Rate is determined by the taxable income bracket
Social Security Tax Withholding
Social Security tax is calculated at a flat rate:
Social Security Tax = Gross Pay × 6.2%
This rate applies to all employees in 2014.
Note: These calculations are based on the 2014 IRS tax tables and may not reflect current tax laws. Always consult a tax professional for your specific situation.
Worked Examples
Example 1: Single Filer
For a single filer with $50,000 gross pay and 1 exemption:
- Standard deduction: $6,300
- Exemption amount: $3,900 × 1 = $3,900
- Taxable income: $50,000 - $6,300 - $3,900 = $40,800
- Federal income tax: $40,800 × 25% = $10,200
- Social Security tax: $50,000 × 6.2% = $3,100
Example 2: Married Filing Jointly
For a married couple filing jointly with $100,000 gross pay and 2 exemptions:
- Standard deduction: $12,600
- Exemption amount: $3,900 × 2 = $7,800
- Taxable income: $100,000 - $12,600 - $7,800 = $80,600
- Federal income tax: $80,600 × 28% = $22,588
- Social Security tax: $100,000 × 6.2% = $6,200
| Filing Status | Gross Pay | Exemptions | Federal Income Tax | Social Security Tax |
|---|---|---|---|---|
| Single | $50,000 | 1 | $10,200 | $3,100 |
| Married Filing Jointly | $100,000 | 2 | $22,588 | $6,200 |
Frequently Asked Questions
What is the difference between federal income tax and Social Security tax?
Federal income tax is calculated based on your taxable income and follows progressive tax brackets. Social Security tax is a flat 6.2% of your gross pay, paid by both employees and employers.
How do exemptions affect my tax withholding?
Each exemption reduces your taxable income by $3,900 in 2014. More exemptions mean less taxable income and potentially lower tax withholding.
Can I adjust my withholding if I get a tax refund?
Yes, you can adjust your withholding to avoid a large refund. If you expect a refund, consider reducing your withholding or increasing it if you want to pay less in taxes throughout the year.