Hourly Payroll & Tax Withholding • 2026 Tax Year
$15 an Hour After Taxes in Iowa (2026)
Earning $15 per hour on a full-time 40-hour work week equals $31,200.00 per year. In Iowa, your estimated net take-home pay is $26,063.60 annually, which equals $12.53 net per hour, $1,002.45 bi-weekly, or $2,171.97 per month.
Net Hourly Wage
$12.53
Bi-Weekly Paycheck
$1,002.45
Monthly Net
$2,171.97
Effective Tax Rate
16.5%
Deduction Breakdown for $15/hr ($31,200.00/yr)
| Tax Category | Annual Total | Per Bi-Weekly Paycheck | Effective Rate |
|---|---|---|---|
| Gross Pay ($15/hr × 2,080 hrs) | $31,200.00 | $1,200.00 | 100.0% |
| Federal Income Tax | -$1,564.00 | -$60.15 | 5.01% |
| Social Security Tax (6.2%) | -$1,934.40 | -$74.40 | 6.20% |
| Medicare Tax (1.45%) | -$452.40 | -$17.40 | 1.45% |
| Iowa State Tax (Flat Tax (3.8%)) | -$1,185.60 | -$45.60 | 3.80% |
| Total Deductions | -$5,136.40 | -$197.55 | 16.46% |
| Net Take-Home Pay | $26,063.60 | $1,002.45 | 83.54% |
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