Take-home salary after taxes, etc, in TX?

Published

Hi all...

Could anyone give me an idea how much is generally taken from an RNs salary per month in Texas? I know TX has no state tax. My annual salary will be $65,000 per annum. I am finding it pretty hard to do any planning for my budget when I do start working in TX as people are quite secretive about this info. I am not interested in how much money people have in their bank accounts and I am not overly focused on money but I would like to know roughly how much money I will be coming out with each month so I can make some plans and get organised. The job offer was a couple of days ago and when I spoke to the HR staff on the phone I did ask about this and she said she would 'put something together for me' and let me know. In the meantime though I would be very grateful if anyone could give me some idea, I have been on all of the tax calculation websites but I don't find them to be helpful - they all give different answers so I don't know which one to believe! Thanks guys xx

Up Vote Up Vote ×

If you know your salary, just divide It by 12 and use one of the online paycheck calculators to figure it out. Yes, TX has no state income tax. But your monthly salary will be specific based on how many exemptiona you claim on your federal taxes and any other deductions you have taken out of your salary (for health insurance, 401k, etc). No one on this site can really answer this question for you any better then the paycheck calculator sites.

Up Vote Up Vote ×

Thanks. I'm a non-USA nurse so I am not familiar with the terminology. What does 'with-holding' mean. What am I holding back lol. It's a tad frustrating as it is difficult to communicate to others something we are extremely familiar with, so I am having a bit of a struggle getting explicit information. I know very well that all of us find it hard to put something accross, whether it's directions or translating something, without a vague assumption that the other party 'kinda knows' the answer to what they are asking. Like, we'll say "go past Main and take a left at the Saltgrass and you'll see the body shop right there next to the ------ that you're looking for." Assuming that the person asking for directions knows what a Saltgrass and a body shop is, and talking to them like they're an idiot if they fess up that they don't know what you're talking about! I literally know nothing and am very pro-active but I am not getting satisfactory results from my endeavours & homework, haha. I've looked on so many websites and they all literally say different things. Here in the UK, our taxation system is MUCH simpler than in the USA. Everyone who earns less than about £10,000 is completely exempt from tax. Those who earn above that, up to about £35,000 pays 22% tax. Above that its' 40% tax. For all of us. It seems a lot more annoyingly complicated in the States! If someone in the UK said to me, "I'll be earning £25,000 per year - how much tax will I be paying?" I'd say, "22%." Evidently, it's not that clear-cut in America! Sheesh...:wacky:

Up Vote Up Vote ×
Specializes in Critical Care/NICU.

Hi bent

I used this calculator gives a rough idea I know not accurate but gives something to work from

http://www.calculator.net/take-home-pay-calculator.html

I will depend on your deductibles for example the level of insurance you get, if you have your spouse and children on your policy, dental and eye care, retirement, short and long term sickness and saving for deductible for medical care.

Hope this helps a little

Up Vote Up Vote ×

If you are looking for a more in depth explanation, you may be better off on a different forum on a different website, or talking with an accountant. This may be especially true if you are not a citizen- I'm not sure if there are differences. And yes, it is a bit more confusing, but I think we generally pay less in taxes.

Best of luck!

Up Vote Up Vote ×
Specializes in Critical Care, Education.

I feel your pain! Our taxation schemes are pretty goofy - even for natives. And just to make it more complicated, your take home pay will also reflect deductions for your health insurance benefits and unemployment insurance. Yep, we actually have to work and pay into the system before we can collect any sort of benefits for "unemployment".... unlike some other nations of whom we shall not speak.

Keep in mind that US employers are (not yet) required to provide any standardized health insurance benefit. The cost of these "benefits" are shared by the employee and the employer. The employee's share of the cost can vary a great deal, depending on what is offered and the overall cost. Most large employers have a "cafeteria style" benefit package... some benefits are mandatory, and others are optional. The total cost to you will be based on which benefits you select. For instance, a high-deductible health insurance may have a very low cost monthly cost, but your potential out-of-pocket will be higher. A low deductible will have higher premiums, but with lower out-of-pocket risk. Some types of insurance such as dental & vision, generally have very low premiums.

Just to make it more complex, your out-of-pocket costs for health care (including insurance costs) are "deductible" in terms of Federal income tax.... but ONLY if you itemize your deductions & have costs in excess of a specific percentage of your income.... LOL. So all of these decisions will have potential impact on your overall tax burden.

It's a crazy mixed-up mess. Best to seek the advice & instruction of an accountant in order to ensure that you understand the tax structure and consequences of your decisions. Then, can you please explain it to the rest of us???? :woot:

Up Vote Up Vote ×

those who earn more than £35,000 pays 40% tax? coz I have a friend who's going to transfer to UK. I told her your money has bigger value so probably you make more too. I think I gave a bad advice.:(

Up Vote Up Vote ×
Specializes in Critical Care/NICU.

Yeah you do pay 40% tax but only on everything over 35000 everything below this gets taxed at 20%. On top of this you also have national insurance which works out to be about 12% of your wages.

Is your friend coming to be a nurse over here because she will be put on a band 5 agenda for change.

Up Vote Up Vote ×

You told your friend we make more than USA nurses? Gosh no, we certainly do not. Unless she is a band 7 or 8, and even then she will not be getting psid the equivalent of a nurse manager in the States. If she is a 'normal' staff nurse (band 5) she will get paid between £22,000-27,000. The exchange rate is about $1.5 to the British pound at the moment, so as you can see we don't make much. And that salary is before tax and National Insurance (healthcare insurance) deductions. Pensions are optional. Most band 5 nurses come out with between £1,600-£2,000 per month. Max.

Up Vote Up Vote ×
Specializes in Nurse Practitioner.

Hi Bennybear, Have you figured out the answer to your question? I'm moving to Texas soon from Canada and this questions is also on my mind, I have no idea how much I will bring home after deduction, and the HR gave me some very general information and I'm still confused. I don't even know what kind of apartment I can afford yet!!! Please let me know~you can PM me too ;)

Thanks

Up Vote Up Vote ×

I'm in my first year of nursing. I gross (before deductions) around $2,000 and take home around $1,200 biweekly.

Up Vote Up Vote ×
+ Join the Discussion