Alaska Salary & Paycheck Calculators
Updated October 2024Alaska stands out as one of the few states that does not impose a state income tax, which can significantly impact your net income. While this simplifies the tax structure, there are still important factors to consider when calculating your take-home pay in Alaska.
Alaska Income Tax Highlights
- No state income tax
- No state sales tax (though local sales taxes may apply in some municipalities)
- Property taxes are primarily handled at the local level
These factors apply to both residents and non-residents on Alaska-sourced income. Additionally, Alaska is known for its Permanent Fund Dividend (PFD), an annual payment to eligible residents derived from the state's oil revenues, which can affect your overall annual income.
Alaska Calculators & Tools
Calculate Your Take-Home Pay
Input your income details and see how much you make after taxes and deductions.
Bonus Calculators
Find out how much your bonus will be taxed.
Net-to-Gross
Find out how much your gross pay should be for a specific take-home pay.
Withholding Forms
Specialty Calculators
Dual Scenario Hourly
Compare your take home pay in different hourly scenarios.
Dual Scenario Salary
Compare your take home pay in different salary scenarios.
401k Calculator
See how increasing your 401k contributions will affect your paycheck and your retirement savings.
Tax Tip Calculator
Determine your take home from tips after taxes
Key Points to remember about the Alaska Paycheck Structure
- Federal Taxes: While Alaska doesn't impose a state income tax, federal income taxes still apply.
- Local Taxes: Some municipalities may have local sales or property taxes.
- Permanent Fund Dividend: Eligible residents receive an annual payment, which is considered taxable income by the federal government.
- Cost of Living: Alaska generally has a higher cost of living compared to many other states, which can impact the real value of your take-home pay.
Understanding these aspects of Alaska's financial landscape is crucial for accurately estimating your net income and managing your finances effectively in the Last Frontier.
Learn more about the Payroll Process in Alaska
Visit the Alaska Payroll Guide page
Fun Facts
The largest U.S. state by area, Alaska is known for its rugged wilderness, glaciers, and wildlife. Its long summer days feature the phenomenon of the midnight sun, and it has more coastline than all other states combined. It’s also a prime spot for viewing the Northern Lights.
