Guam Salary & Paycheck Calculators
Updated October 2024Guam employs a unique tax system as a U.S. territory, which can significantly impact your net income based on your earnings level. While not as complex as some other jurisdictions, Guam's tax code includes various deductions and exemptions that affect your paycheck.
Guam Income Tax Highlights
- Guam follows the U.S. Internal Revenue Code, with necessary modifications to suit the territory's needs.
- Bona fide residents of Guam are subject to special U.S. tax rules.
- Generally, individuals with income from Guam file only one return—either to Guam or the United States.
Guam 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 Guam Paycheck Structure
- Bona fide residents of Guam file their tax returns with Guam, not the U.S. Internal Revenue Service.
- To be considered a bona fide resident, you must typically be physically present in Guam for at least 183 days during the tax year.
- Guam corporations are subject to income tax on their worldwide income.
- Non-Guam corporations doing business in Guam are taxed on their Guam-sourced income.
- Individual income tax returns for the calendar year are due on or before April 15 of the following year.
- Corporate tax returns are due on the 15th day of the fourth month following the close of the taxable year.
These rules apply to residents on all sources of income and to non-residents on Guam-sourced income. The territory allows for certain deductions and credits that can affect your taxable income, similar to the U.S. federal system. It's important to note that while Guam follows the U.S. Internal Revenue Code, there may be specific provisions and exemptions unique to Guam. Residents and businesses should stay informed about any updates to the tax code that may affect their financial planning. Understanding these aspects of Guam's tax landscape is crucial for accurately estimating your net income and managing your finances effectively in the territory. While Guam's tax system mirrors the U.S. federal system in many ways, it's important to consider the territorial-specific rules and potential exclusions when evaluating your financial situation in Guam.
Learn more about the Payroll Process in Guam
Visit the Guam Payroll Guide page
Fun Facts
Guam is a U.S. territory in the Pacific Ocean known for its tropical climate, World War II history, and significant U.S. military presence. It’s a popular destination for tourists from Asia and offers beautiful beaches and rich Chamorro culture.
