Free Bimonthly Paycheck Calculator

The salary calculator will help you automatically calculate your annual salary, weekly salary, and also the number of hours you work per week, the frequency of payments, the taxes of the different states where you are located, in addition to showing you the salary breakdown, it will also provide you with charts to access, all you need to do is to fill out the calculator below to get your answer.

All-in-One Paycheck Calculator

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Used to calculate yearly salary if only hourly wage is given How often you receive your paycheck Used to apply state income tax (default flat rate per state) % of income contributed to retirement savings (optional) Health, dental, or other deductions

How We Ensure Your Calculations Are Accurate at HnKey

Verified Data:In order to ensure that the accuracy of our calculations is our main priority, our team frequently checks the tax information, and policies of the IRS to review our calculations in a timely manner.

Regularly Updated:It is important to note that these data, not our guesses, come from official sources such as the IRS and state tax offices.

Disclaimer: This tool is for estimation purposes only and does not constitute financial advice. Please consult a qualified professional for personalized financial guidance.

Understanding your bimonthly paycheck is essential for effective financial planning. A bimonthly paycheck calculator helps you estimate your net pay after deductions, offering clarity on how much you take home every two months. This guide explains the key components of a bimonthly paycheck, including taxes, how they are calculated, and official guidelines from relevant authorities to ensure accuracy.

What is a Bimonthly Paycheck?

A bimonthly paycheck is issued every two months, meaning employees receive six paychecks annually. This schedule is less common than weekly, biweekly, or monthly pay but is used in certain industries or for specific roles. Calculating your net pay for a bimonthly paycheck involves accounting for gross income, federal and state taxes, Social Security, Medicare, and other deductions like retirement contributions or health insurance premiums.

Key Components of a Bimonthly Paycheck

Your gross pay is the starting point, representing your total earnings before deductions. From there, several mandatory and optional deductions reduce your gross pay to arrive at your net pay—the amount deposited into your bank account. Below are the primary deductions:

Federal Income Tax

Federal income tax is withheld from your paycheck based on your earnings, filing status (e.g., single, married filing jointly), and allowances claimed on your IRS Form W-4. The Internal Revenue Service (IRS) uses a progressive tax system, meaning higher earnings are taxed at higher rates. For 2025, tax brackets range from 10% to 37%, depending on your taxable income. The IRS provides withholding tables to help employers calculate the correct amount to deduct each pay period.

State Income Tax

Most states impose an income tax, though rates and rules vary. For example, states like California and New York have progressive tax systems, while others, like Texas and Florida, have no state income tax. Your state tax withholding depends on your income and the information provided on your state equivalent of the W-4 form, if applicable. Check your state’s revenue or taxation department website for specific rates and guidelines, such as the New York State Department of Taxation or California Franchise Tax Board.

Social Security and Medicare (FICA Taxes)

The Federal Insurance Contributions Act (FICA) mandates deductions for Social Security and Medicare. For 2025, the Social Security tax rate is on income up to a cap of $168,600, as outlined by the Social Security Administration. Medicare tax is on all income, with an additional for high earners (income over $200,000 for single filers or $250,000 for married filing jointly). These taxes fund federal programs for retirement, disability, and healthcare.

Other Deductions

Additional deductions may include contributions to retirement plans (e.g., 401(k) or 403(b)), health insurance premiums, union dues, or wage garnishments. These vary by employer and employee elections, so review your pay stub or consult your HR department for details.

How Taxes Are Calculated for a Bimonthly Paycheck

To calculate your bimonthly paycheck, start with your annual salary and divide it by six to determine your gross pay per period. Then, apply the relevant tax rates and deductions. Here’s a simplified example for an employee earning $60,000 annually, paid bimonthly, with a single filing status:

  • Gross bimonthly pay: $60,000 ÷ 6 = $10,000
  • Federal income tax: Based on IRS withholding tables, approximately 12–22% of $10,000, depending on allowances and deductions (e.g., ~$1,500).
  • Social Security: of $10,000 = $620
  • Medicare: of $10,000 = $145
  • State tax (e.g., 5% for a state like Ohio): 5% of $10,000 = $500
  • Net pay: $10,000 − ($1,500 + $620 + $145 + $500) = ~$7,235 (before other deductions like insurance).

This is an estimate, as actual withholdings depend on your W-4 elections, state tax rates, and additional deductions. For precise calculations, use a bimonthly paycheck calculator or consult a payroll professional.

Official Guidelines and Resources

The IRS provides comprehensive resources for understanding paycheck withholdings. The IRS Publication 15 (Circular E) outlines employer responsibilities for tax withholding, including bimonthly schedules. The IRS Tax Withholding Estimator is a free tool to help you verify if your withholdings align with your tax liability, preventing surprises during tax season. For state-specific guidelines, visit your state’s taxation website, as rules differ significantly across jurisdictions.

Tips for Using a Bimonthly Paycheck Calculator

To maximize the accuracy of a bimonthly paycheck calculator, gather the following information:

  • Your annual salary or hourly wage and hours worked per pay period.
  • Your filing status and allowances from your W-4 form.
  • State of residence and applicable state tax rates.
  • Any pre-tax deductions (e.g., 401(k) contributions, health insurance).
  • Additional withholdings, such as extra federal or state tax to cover side income.

Enter these details into the calculator to estimate your net pay. Regularly updating your inputs, especially after life changes like marriage or a raise, ensures your calculations remain accurate.

Why Accurate Paycheck Calculations Matter

Understanding your bimonthly paycheck helps you budget effectively, especially with a less frequent pay schedule. By accounting for taxes and deductions, you can plan for expenses, savings, and investments without overestimating your available funds. Additionally, reviewing your withholdings annually or after major life events ensures you’re neither overpaying taxes (reducing take-home pay) nor underpaying (resulting in a tax bill).

Use the calculator below to estimate your bimonthly paycheck and take control of your finances.

The above information is reviewed by our team of tax experts, all of them have an average of about 10 years of experience in the U.S. tax, if you have any questions, you can submit the form to us, our experts will be within 24 hours, reply to you.

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