$15.50 an hour is how much a year? (US 2026)
At $15.50 an hour and 40 hours a week, you earn
$32,240 a year, $28,085 after federal
taxes ($2,340 a month take-home) in 2026, before any state income tax.
$15.50/hour by weekly hours
| Hours/week | Yearly gross | After federal tax | Monthly take-home |
|---|---|---|---|
| 30 | $24,180 | $21,522 | $1,794 |
| 35 | $28,210 | $24,841 | $2,070 |
| 40 | $32,240 | $28,085 | $2,340 |
| 45 | $36,270 | $31,323 | $2,610 |
$15.50/hour by pay period (40-hour week)
| Period | Gross | After federal tax |
|---|---|---|
| Week | $620.00 | $540.09 |
| Biweekly | $1,240.00 | $1,080.19 |
| Month | $2,687 | $2,340 |
| Year | $32,240 | $28,085 |
Overtime and extra hours at $15.50
| Rate | Per hour | Per extra weekly hour, per year |
|---|---|---|
| Standard (1×) | $15.50 | $806 |
| Time and a half (1.5×, FLSA overtime) | $23.25 | $1,209 |
| Double time (2×) | $31.00 | $1,612 |
From 2025 through 2028, up to $12,500 of qualifying overtime premium pay is deductible from federal income tax under the OBBBA: overtime is worth more net than it used to be.
Set your own hours in the hourly rate calculator , or see the full breakdown for $32,000 after tax.
Nearby rates
Frequently asked questions
What is $15.50 an hour after taxes?
About $13.50 per hour after federal taxes at 40 hours a week: your gross rate minus the average federal deduction rate at this income. State tax reduces it further outside the nine no-tax states.
What assumptions do the after-tax figures use?
Tax year 2026, single filer, standard deduction, federal income tax + Social Security + Medicare only. See the US methodology.
Last updated 2026-11-04.