Salary Increase Calculator
Enter your current pay and your raise as a percent, dollars a year or dollars an hour to get your new salary, hourly rate and extra pay per paycheck, what the raise is worth after inflation and after 2026 federal taxes, and the percent between any two salaries.
Salary increase calculator
Pay increase calculator: percent between two salaries
Pay raise calculator over several years
How to calculate a raise
New salary = current salary × (1 + raise %). A 4% raise on $60,000 is $2,400, for a new salary of $62,400. To find the percent between two salaries, divide the difference by the old salary: ($56,000 − $52,000) ÷ $52,000 = 7.69%.
Real raise: if prices rose 3% over the year, a 4% raise is really (1.04 ÷ 1.03) − 1 = 0.97% more buying power. A raise below inflation is a pay cut in real terms.
After tax: the extra pay is taxed at your top bracket plus 7.65% Social Security and Medicare, so a $2,400 raise in the 22% bracket adds roughly $1,690 of take-home pay. Preparing to ask? See salary negotiation.
Common questions
How do I calculate a 3% raise?
Multiply your salary by 1.03. $50,000 × 1.03 = $51,500, a $1,500 raise, or about $125 more a month before tax.
How do I calculate the percentage of a pay increase?
(New pay − old pay) ÷ old pay × 100. From $20 to $22 an hour is a 10% increase.
What is a good raise?
One that beats inflation by enough to matter. Compare your new pay with official figures for your job on our salary pages.
How much is a $1 an hour raise per year?
$2,080 a year at 40 hours a week, or about $173 a month before tax.
Does a raise put me in a higher tax bracket?
Only the dollars above the bracket threshold are taxed at the higher rate, so a raise always increases your take-home pay.
Sources
- IRS: 2026 inflation adjustments (Rev. Proc. 2025-32), via Journal of Accountancy
- Social Security Administration: 2026 contribution and benefit base
- U.S. Bureau of Labor Statistics: Consumer Price Index
- U.S. Bureau of Labor Statistics: Occupational Employment and Wages
Related
General information, not financial, tax or legal advice. Check important numbers with the official source before acting on them.