New York Tax Calculator
Calculate New York state income tax, NYC local tax, federal tax, and take-home pay for 2024
Calculate Your New York Taxes
Your gross income minus adjustments (Form 1040, Line 11)
Select your tax filing status
NYC residents pay additional local income tax
$1,000 deduction per dependent for NY state tax
Leave blank to use standard deduction
Health insurance, retirement contributions, etc.
Tax Calculation Results
Example Calculation
Single Filer in NYC
AGI: $75,000
Filing Status: Single
NYC Resident: Yes
Standard Deductions: Federal ($14,600), NY State ($8,000)
Tax Breakdown
Federal Tax: ~$8,500 (11.3%)
NY State Tax: ~$3,900 (5.2%)
NYC Local Tax: ~$2,400 (3.2%)
FICA Tax: ~$5,700 (7.7%)
Take-Home Pay: ~$54,500 (72.7%)
NY Tax Information
State Income Tax
Progressive rates from 4% to 10.9%
Standard deduction: $8,000 (single)
NYC Local Tax
Additional 3.078% to 3.876% for NYC residents
Applied to full AGI (no standard deduction)
FICA Taxes
Social Security: 6.2% (up to $160,200)
Medicare: 1.45% (all income)
Additional Medicare: 0.9% (over $200,000)
Tax Tips
NY has one of the highest state income tax rates in the US
NYC residents pay additional local income tax
Consider itemizing deductions if they exceed standard deduction
High earners may face additional Medicare tax
Understanding New York Taxes
What Taxes Do New Yorkers Pay?
New York residents, especially those in NYC, face one of the highest tax burdens in the United States. The taxes include federal income tax, New York state income tax, and for NYC residents, an additional local income tax, plus FICA taxes.
Tax Components
- •Federal Income Tax: Progressive rates from 10% to 37%
- •NY State Tax: Progressive rates from 4% to 10.9%
- •NYC Local Tax: 3.078% to 3.876% (residents only)
- •FICA Tax: 7.65% (Social Security + Medicare)
Key Features
High Tax Burden
Combined federal, state, and local taxes can reach 50%+ for high earners in NYC
Progressive Structure
Both state and local taxes use progressive brackets, with higher rates for higher incomes
Dependent Exemptions
NY allows $1,000 exemption per dependent for state tax calculations