How accurate is this US take-home pay calculator?

This calculator provides estimates based on 2026 federal tax brackets, FICA payroll tax rates, and estimated state income tax rates. Actual paycheck amounts may vary depending on deductions, credits, benefits, and employer-specific withholdings.

Does this paycheck calculator include Social Security and Medicare?

Yes. The calculator includes FICA payroll taxes, which consist of Social Security and Medicare contributions, to estimate your net pay accurately.

Does this calculator include 401(k) or health insurance deductions?

No. Retirement contributions, health insurance premiums, and other voluntary pre-tax benefits are not automatically included unless entered manually.

Can I compare take-home pay between different states?

Yes. Because state income taxes vary widely, this calculator allows you to compare net income estimates across different U.S. states.

Moving Your Business from New York to Florida: 2026 Checklist & Tax Guide

Transferring a New York Business to Florida (2026)

The Technical Blueprint for a Seamless State-to-State Migration

Relocating a business from New York to Florida is one of the most effective ways to slash corporate overhead and personal tax liability. However, New York is one of the few states that does not allow for “Statutory Domestication”—meaning you cannot simply “convert” your NY LLC into a Florida one. You must navigate a more technical path.

2026 Warning: New York has recently decoupled from certain federal business tax breaks. Moving now may save your company an estimated 14% in effective state tax liability over the next five years.

1. The Three Paths to Relocation

Option A: Merger

Form a new LLC in Florida and merge your NY business into it. The FL entity survives, and the NY entity disappears.
Pro: Keeps your original EIN.

Option B: Dissolution

Form a new Florida LLC and dissolve the New York one.
Con: This is a “fresh start”—you will need a new EIN and must re-apply for bank accounts.

Option C: Foreign Qualify

Keep your NY LLC but register to do business in Florida as a Foreign Entity.
Con: You will still owe NY taxes on income sourced in New York.

2. Managing the New York “Exit Audit”

New York State is notoriously aggressive about “tailing” business owners who move south. If your business still has a nexus in NY (employees, a physical office, or significant sales), NY will claim 100% of your business income is taxable there.

Action Item	Why It Matters
Surrender NY Certificates	Officially cancels your “Authority to Transact Business” in the Empire State.
File Final Form CT-3	The final NY Corporate Franchise Tax Return. Mark it clearly as “Final.”
Update FinCEN (BOI)	As of 2026, you must update your Beneficial Ownership Information report within 30 days of the move.

3. The Florida “Sunbiz” Technical Checklist

Once you’ve decided on the Merger or Dissolution path, you must register with the Florida Department of State (Sunbiz):

Appoint a Registered Agent: Must have a physical address in Florida (P.O. Boxes are not allowed).
File Articles of Organization: Use the Florida-specific form for “Articles of Merger” if you are taking the merger route.
Sales Tax ID: If you sell physical goods, you must register with the Florida Department of Revenue for a new Sales and Use Tax permit.

Are you a High-Earner moving in 2026?

The 2026 Federal Exit Tax threshold for “Covered Expatriates” has shifted to $211,000. While this usually applies to those leaving the country, the principles of valuation are often used in NY residency audits.

Use our 2026 Salary Calculator to see your new Florida net-pay instantly.

4. Final Steps: Banking and Payroll

Do not close your New York business bank account until your Florida entity is fully active and has “Qualified” to do business. Most national banks (Chase, Wells Fargo, BofA) can simply update your “Home State,” but local credit unions will require a full account closure and reopening.

Payroll: If you have employees moving with you, you must register for Florida Unemployment Tax (RT-6). Florida’s unemployment tax rates are significantly lower than New York’s, providing immediate payroll relief.

Disclaimer: This guide is for informational purposes only. Business relocation involves complex legal and tax considerations. Please consult with a CPA or Business Attorney licensed in both NY and FL.