Payroll Tax Calculator

Use this free calculator to quickly estimate the taxes you'll have to pay for your employees.

Payroll Tax Calculator

Our payroll calculator is currently available for US residents only.

Estimate your hiring cost

Hiring a new employee is exciting. But once you do, how much is it going to cost you? We’ll give you a quick estimate of the actual true cost of hiring an employee, and keep you ready for year-end.

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Frequently Asked Questions

This calculator is a quick way for small business owners to estimate the tax cost of hiring an additional employee. It lets you determine the taxes you need to pay as an employer, the taxes you need to deduct for your employees and the taxes both fo you are responsible for. 

This calculator is not meant to be accurately calculate deductions for all your employees, just an estimation tool. For 100% accurate calculations use dedicated Payroll software like Payroll by Wave to make sure you avoid any penalties. 

Good question! There's too much to keep track of in Payroll to put in this answer, luckily we've created a guide to Payroll on our blog that covers topics like payroll planning, employees vs contractors, payroll taxes, payroll accounting and important dates. 

You sure can! Payroll by Wave supports paying both employees and independent contractors when you run payroll. The proper 1099 tax forms are also generated for you.

If you're switching to Wave mid-year, you’ll want to provide us with your historical payroll data so that employee tax forms and pay stubs are accurate. You can learn how to do that with this handy support article.

Yes! We’re ready to answer all your questions with email support for all software (invoicing, accounting and receipt scanning). Live chat support is available for our paid financial services (Payments and Payroll).

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Our passion is to build a suite of products that work seamlessly together to simplify the lives of business owners like you.

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Truly understand and manage your income and expenses. Track everything and connect to other Wave products such as payroll, payments, and invoicing. Everything is automated and in one perfect package.

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Every invoice paid is positive incoming revenue for your business. Wave enables you to easily create and send professional invoices, with advanced features like recurring billing and automatic payments.

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Get paid in as fast as 2 business days, enhance your brand, and look more professional when you enable Payments by Wave. Accept credit cards and bank payments on your invoices for as little as 1% per transaction.

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Payroll Monthly

Managing payroll can be tedious and time-consuming, but it doesn’t have to be. Run your payroll in minutes, with 100% guaranteed accuracy, and say goodbye to the unnecessary stress of payroll taxes.

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Accounting Free

Truly understand and manage your income and expenses. Everything is automated and in one perfect package.

More about accounting

Invoicing Free

Every invoice paid is positive incoming revenue for your business. Wave enables you to easily create and send professional invoices, with advanced features like recurring billing and automatic payments.

More about invoicing