A Paycheck Calculator is a tool that helps individuals estimate their take-home pay after taxes and deductions. By inputting details such as gross income, tax rates, and other deductions, users can see how much money they will receive in their paycheck. This can be particularly useful for budgeting and financial planning. These calculators are often available online and can vary in complexity. Some may include options for different states or local taxes, while others focus on federal tax calculations. Overall, a Paycheck Calculator provides a quick and easy way to understand earnings and deductions.