If you're in the Navy and married what percentage of your wages is being dedcuted for taxes?

Question

I'm trying to create a budget and figure out exactly what my husband will be taking home with his new career. Would it be 30%, 20%? Anything would help, thank you.

He's an E-4

Answer 1

That depends upon many factors. If he's serving in a war zone, he won't pay any income tax at all while he's there.

Beyond that, it's really impossible to say since military pay is very complex. His base pay is fully taxable but housing and rations allowances are not. Some other pays such as sea pay and submarine pay are taxable and will vary widely based upon his rank and length of service.

Assuming he's newly enlisted, his income tax bite won't be all that high -- probably near zero for the first year or two depending upon how quickly he makes rank. He'll pay SS and Medicare on his base pay and most special pays but not his housing or rations allowances.

On top of all of that, while he's in boot camp and initial training things will be rather unstable pay-wise. Once he moves on to his first assignment it will be possible to sit down with his LES and work out a budget. Trying to do anything meaningful right now is going to be nearly impossible.

Answer 2

Depends on income - an admiral would typically pay a lot higher percent that a new recruit. It also depends on your filing status and number of allowances that you claim.

Answer 3

If you know what his gross pay will be, you can go to www.paycheckcity.com and calculate his net based on deductions, and w-4 exemptions. Don't forget to put in your state so it will calculate that also.

Answer 4

probably about 19-20%.