Impact on Paycheck
Contributions to a qualified plan, participation in a company-sponsored cafeteria plan, change in filing status, or number of allowances claimed will have a direct impact on take-home pay. For example, due to federal tax savings, contributions to a qualified plan do not translate into a direct dollar-for-dollar tradeoff on take-home pay. Use this take home pay calculator to help compare your current situation to what-if scenarios.
This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. Neither CalcXML, the plan sponsor, nor Alight Solutions, LLC or its subsidiaries and affiliates have any fiduciary duties, responsibilities or liabilities regarding your use of this tool. No tax, investment, financial or legal advice is offered or given by this tool. In addition, information provided by this tool is intended to be an aid in your financial planning and should not be relied upon as the only source of information for you to consider. The information and calculations are intended to be illustrative and are supplied from sources we believe to be reliable, but we cannot guarantee their accuracy. Because your circumstances are unique, you need to assess your own situation and you may want to consult your tax or financial advisor for guidance. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.
