New York Tax Calculator

New York Income Tax Overview

New York residents are subject to multiple layers of income tax: federal income tax, New York State income tax, New York City local income tax (for NYC residents), and FICA taxes (Social Security and Medicare). Understanding how these taxes interact is essential for accurate financial planning and take-home pay estimation.

New York State Income Tax Brackets

New York State uses a progressive income tax system with rates ranging from 4% to 10.9% depending on income and filing status. For single filers, the 2024 brackets are:

• 4% on taxable income up to $8,500
• 4.5% on income between $8,501 and $11,700
• 5.25% on income between $11,701 and $13,900
• 5.85% on income between $13,901 and $80,650
• 6.25% on income between $80,651 and $215,400
• 6.85% on income between $215,401 and $1,077,550
• 9.65% on income between $1,077,551 and $5,000,000
• 10.3% on income between $5,000,001 and $25,000,000
• 10.9% on income above $25,000,000

The standard deduction for single filers is $8,000 and for married filing jointly is $16,050.

NYC Local Income Tax

New York City residents pay an additional local income tax with four brackets ranging from 3.078% to 3.876%. Non-NYC residents are only subject to NY State tax. The NYC local tax brackets for single filers are:

• 3.078% on taxable income up to $12,000
• 3.762% on income between $12,001 and $25,000
• 3.819% on income between $25,001 and $50,000
• 3.876% on income above $50,000

FICA Taxes

FICA (Federal Insurance Contributions Act) taxes include:

• Social Security: 6.2% on wages up to $168,600 (2024 limit)
• Medicare: 1.45% on all wages with no income cap

Combined, the basic FICA rate is 7.65% of your gross income.

Federal Income Tax

Federal income tax uses progressive brackets ranging from 10% to 37%. The standard deduction for 2024 is $14,600 for single filers and $29,200 for married filing jointly. Your total tax burden is the sum of federal, state, local, and FICA taxes.

How to Use This Calculator

1. Enter your Adjusted Gross Income (AGI) - this is your total income after adjustments like student loan interest and retirement contributions.
2. Select your filing status - Single, Married Filing Jointly, Married Filing Separately, or Head of Household.
3. Indicate whether you are a NYC resident (this adds NYC local tax).
4. The calculator instantly shows your estimated tax breakdown and take-home pay.

Related Tax Tools

Explore these related tax and payroll calculators:

• New York Paycheck Calculator: Estimate your take-home pay per pay period after all deductions.
• Tax Bracket Calculator: Understand your federal income tax bracket.
• California Tax Calculator: Compare tax burdens between NY and CA.
• Salary Calculator: Convert between hourly, daily, weekly, and annual pay rates.