Guam Salary Paycheck Calculator
Hafa Adai! Welcome to the Guam Paycheck Calculator, your financial companion in this tropical U.S. territory.
Understanding your earnings on this beautiful Pacific island is essential for both long-time residents and newcomers. Our calculator factors in Guam’s unique tax situation, where residents pay taxes to the Government of Guam instead of the U.S. federal government. Get an accurate estimate of your take-home pay and plan your island life with confidence.
Gross To Net Calculator
The amount that remains after these deductions are considered your net pay.
Guam Taxes: What You Need to Know
Guam follows a tax system closely aligned with the U.S. federal tax code, using the same income tax brackets and rates.
Residents file their taxes with the Guam Department of Revenue and Taxation, and most federal deductions and credits apply. Additionally, Guam imposes local taxes like the Gross Receipts Tax (GRT) on businesses operating within the territory.
Federal Tax Withholding in Guam
- Guam follows the U.S. Internal Revenue Code for tax purposes.
- Federal income tax is withheld based on progressive tax rates:
- For 2024, rates range from 10% to 37%.
- The exact rate depends on taxable income and filing status.
- Residents of Guam have specific filing requirements:
- They file federal tax returns with either the Guam Department of Revenue and Taxation (DRT) or the IRS.
- The choice depends on where their tax liability falls.
- If physically present in Guam for the entire year, they file locally.
- The W-4 Form is crucial:
- It determines the withholding amount based on the number of allowances claimed.
Territorial Tax Withholding
- Guam, as a U.S. territory, has its own tax collection system:
- This system mirrors the U.S. federal system.
- It’s managed through the Guam Department of Revenue and Taxation.
- Guam Territorial Income Tax is withheld by employers:
- Tax rates mirror the U.S. federal income tax brackets.
- Residents pay taxes at the same rates as federal taxes, but to the Guam DRT.
- The withholding process uses a Guam-specific form:
- It’s called Form GU-4.
- Like the U.S. mainland, withholding is based on income level and number of allowances.
FICA and Insurance Taxes
- FICA taxes are mandatory in Guam, split into two parts:
- Social Security Tax:
- Employees pay 6.2% of their income.
- This applies to wages up to $168,600 in 2024.
- Medicare Tax:
- Employees contribute 1.45% of all wages.
- An additional 0.9% Medicare surtax applies for high earners:
- Singles earning more than $200,000.
- Married couples filing jointly earning more than $250,000.
- Employers match these contributions:
- They pay an equal share of both Social Security and Medicare taxes.
Guam-Specific Taxes
- Guam participates in federally mandated programs:
- This includes Unemployment Insurance (UI).
- Employers, not employees, pay unemployment taxes:
- These taxes fund unemployment benefits in Guam.
- This may indirectly impact overall compensation.
Pre-Tax Deductions in Guam
- Pre-tax deductions reduce taxable income, lowering withheld taxes.
- Common pre-tax deductions include:
- Medical Insurance:
- Premiums for employer-sponsored health insurance can typically be deducted pre-tax.
- This reduces taxable income for both federal and Guam taxes.
- Retirement Plans (401(k) or 403(b)):
- Contributions are taken out pre-tax.
- They reduce income subject to both federal and territorial income tax.
- For 2024, employees can contribute up to $23,000.
- Those aged 50 or older can contribute up to $30,500 under catch-up provisions.
- Flexible Spending Accounts (FSA):
- If offered by the employer, contributions are pre-tax.
- Funds can be used for eligible healthcare expenses.
- Health Savings Accounts (HSA):
- Similar to FSAs, HSA contributions are deducted pre-tax.
- Used to cover eligible medical expenses.
- These deductions benefit employees by reducing overall tax liability for both federal and territorial taxes.
Guam Tax Brackets in 2024
Guam follows the U.S. federal income tax brackets, which are applicable to the 2024 tax year. These tax brackets apply to individuals, married couples filing jointly, and heads of households. Below is a comprehensive list of the 2024 U.S. federal income tax brackets that Guam uses:
2024 Guam Tax Brackets (Individual Filers)
| Taxable Income | Tax Rate |
| $0 – $11,000 | 10% |
| $11,001 – $44,725 | 12% |
| $44,726 – $95,375 | 22% |
| $95,376 – $182,100 | 24% |
| $182,101 – $231,250 | 32% |
| $231,251 – $578,125 | 35% |
| Over $578,125 | 37% |
2024 Guam Tax Brackets (Married Filing Jointly)
| Taxable Income | Tax Rate |
| $0 – $22,000 | 10% |
| $22,001 – $89,450 | 12% |
| $89,451 – $190,750 | 22% |
| $190,751 – $364,200 | 24% |
| $364,201 – $462,500 | 32% |
| $462,501 – $693,750 | 35% |
| Over $693,750 | 37% |
2024 Guam Tax Brackets (Head of Household)
| Taxable Income | Tax Rate |
| $0 – $15,700 | 10% |
| $15,701 – $59,850 | 12% |
| $59,851 – $95,350 | 22% |
| $95,351 – $182,100 | 24% |
| $182,101 – $231,250 | 32% |
| $231,251 – $578,100 | 35% |
| Over $578,100 | 37% |
These tax brackets reflect the same structure as the U.S. federal system, and Guam residents should file their taxes with the Guam Department of Revenue and Taxation.
Guam imposes a local tax known as the Gross Receipts Tax (GRT) on businesses, which is 4% on the gross revenue of most businesses. Below is a summary of this local tax:
2024 Guam Local Tax (Gross Receipts Tax – GRT):
| Tax Type | Tax Rate |
| Gross Receipts Tax (GRT) | 4.00% |
Additional Notes:
- The GRT applies to the gross revenue of businesses operating in Guam, regardless of profitability.
- Certain types of income may be exempt from the GRT, including government contracts and wholesale transactions.
Median household income in Guam
In 2024, the median household income in Guam is estimated to be around $60,950 for a family of two. This aligns closely with median income levels from previous years, reflecting the territory’s economic conditions, which are influenced by factors such as government employment, the U.S. military presence, and tourism (BLS Guam, Census.gov, Justice.gov)
Guam Tax Brackets 2024
Here is a table summarizing the Guam Tax Brackets for 2024. Guam follows the U.S. federal tax rates, and the brackets mirror those set by the IRS for federal taxes:
| Tax Rate | Single Filers | Married Filing Jointly | Head of Household |
| 10% | Up to $11,610 | Up to $23,220 | Up to $17,440 |
| 12% | $11,611 – $47,580 | $23,221 – $95,160 | $17,441 – $75,450 |
| 22% | $47,581 – $102,430 | $95,161 – $204,860 | $75,451 – $137,100 |
| 24% | $102,431 – $192,770 | $204,861 – $364,010 | $137,101 – $221,900 |
| 32% | $192,771 – $421,200 | $364,011 – $462,500 | $221,901 – $529,500 |
| 35% | $421,201 – $627,050 | $462,501 – $694,000 | $529,501 – $837,450 |
| 37% | Over $627,050 | Over $694,000 | Over $837,450 |
Table of Contents
- Guam Taxes: What You Need to Know
- Federal Tax Withholding in Guam
- Territorial Tax Withholding
- FICA and Insurance Taxes
- Guam-Specific Taxes
- Pre-Tax Deductions in Guam
- Guam Tax Brackets in 2024
- 2024 Guam Tax Brackets (Individual Filers)
- 2024 Guam Tax Brackets (Married Filing Jointly)
- 2024 Guam Tax Brackets (Head of Household)
- 2024 Guam Local Tax (Gross Receipts Tax – GRT):
- Median household income in Guam
- Guam Tax Brackets 2024
Frequently Asked Questions
Yes, Keka paycheck calculators do account for Guam’s local taxes, which mirror U.S. federal tax rates but are administered by the Guam Department of Revenue and Taxation. This calculators include federal tax withholding, FICA (Social Security and Medicare), and Guam territorial tax withholding.
Guam does not have its own unique tax rates outside of those mirroring federal tax laws. However, certain benefits available under the U.S. tax code, such as the Earned Income Tax Credit (EITC) or certain business deductions, are applicable in Guam. Be sure to check with a local accountant or tax professional if you have specific deductions that might vary based on local laws, such as certain healthcare or retirement plans offered in Guam.
Most reputable Guam Paycheck Calculators are updated annually to reflect changes in federal tax laws, including the latest U.S. federal income tax brackets, FICA rates, and other deductions. However, it’s essential to verify whether the calculator you’re using reflects the most recent IRS updates.
Guam does not impose “state” taxes per se. Instead, its income tax system is integrated with the U.S. federal tax system. The territorial income tax rates mirror federal tax brackets, so deductions for federal taxes are the same as those used in Guam. The primary difference is that taxes are paid to the local Guam government instead of the IRS, although the federal tax credits and deductions (e.g., standard deductions, personal exemptions) apply equally.
If you have multiple jobs or additional income sources, you should include the total earnings from all sources in the paycheck calculator. The calculator should allow for the inclusion of wages from different employers, ensuring that the correct overall tax rate is applied. You may need to adjust your withholding by using IRS Form W-4 or its Guam equivalent to avoid underpayment or overpayment of taxes.
Pre-tax deductions like health insurance premiums, 401(k) contributions, or Flexible Spending Accounts (FSA) reduce your taxable income before federal, FICA, and territorial taxes are calculated. Ensure that the paycheck calculator you’re using allows you to input these pre-tax deductions to accurately calculate your take-home pay. While Guam’s tax system mirrors the federal tax code, you should input specific deductions based on Guam’s territorial tax withholding system.
To account for joint filing with your spouse, use the “Married Filing Jointly” option in the paycheck calculator. This will apply the appropriate tax brackets for joint filers, which tend to have higher income thresholds for each tax rate compared to single filers. Joint filing could reduce your tax liability if one spouse earns significantly more than the other, as the combined income may still fall into lower tax brackets.
State-Specific Consideration:
While Guam’s system largely mirrors the federal one, tools like the ADP Paycheck Calculator or SmartAsset Paycheck Calculator for U.S. territories are updated to include Guam-specific withholdings and taxes. Make sure to select the option for Guam in the calculator, as it will have adjusted settings for local tax conditions.
