Disclaimer: Calculations are estimates based on tax rates as of Jan. 2023 and data from the Tax Foundation. These rates are subject to change. Check the IRS website for the latest information about income taxes and your state tax website for state-specific information. Our calculator doesn’t consider both 401k and IRA deductions due to the tax law limitations. Please note, the amount of your IRA deductions may vary. You should speak with a tax professional to determine your tax situation.
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What You Need To Know About New York State Taxes
You’ll have to pay taxes to the state of New York if you are a resident or a nonresident who gets income from a New York source. State income tax rates range from 4% to 10.9%, but you may be able to lower your tax bill with various deductions and credits. These include a standard deduction, itemized deductions, the earned income tax credit, child and dependent care credit and college tuition credit.
New York Income Tax Brackets and Rates: Single and Married Filing Separately
| If your New York taxable income is over: | But not over: | Your tax is: |
|---|---|---|
$0 | $8,500 | 4% of your income |
$8,500 | $11,700 | $340 + 4.5% of the excess over $8,500 |
$11,700 | $13,900 | $484 + 5.25% of the excess over $11,700 |
$13,900 | $80,650 | $600 + 5.5% of the excess over $13,900 |
$80,650 | $215,400 | $4,271 + 6% of the excess over $80,650 |
$215,400 | $1,077,550 | $12,356 + 6.85% of the excess over $215,400 |
$1,077,550 | $5,000,000 | $71,413 + 9.65% of the excess over $1,077,500 |
$5,000,000 | $25,000,000 | $449,929 + 10.3% of the excess over $5,000,000 |
$25,000,000 | — | $2,509,929 + 10.9% of the excess over $25,000,000 |
New York Income Tax Brackets and Rates: Married Filing Jointly and Qualified Surviving Spouse
| If your New York taxable income is over: | But not over: | Your tax is: |
|---|---|---|
$0 | $17,150 | 4% of your income |
$17,150 | $23,600 | $686 + 4.5% of the excess over $17,150 |
$23,600 | $27,900 | $976 + 5.25% of the excess over $23,600 |
$27,900 | $161,550 | $1,202 + 5.5% of the excess over $27,900 |
$161,550 | $323,200 | $8,553 + 6% of the excess over $161,550 |
$323,200 | $2,155,350 | $18,252 + 6.85% of the excess over $323,200 |
$2,155,350 | $5,000,000 | $143,754 +9.65% of the excess over $2,155,350 |
$5,000,000 | $25,000,000 | $418,263 + 10.3% of the excess over $5,000,000 |
$25,000,000 | — | $2,478,263 + 10.9% of the excess over $25,000,000 |
New York Income Tax Brackets and Rates: Head of Household
| If your New York taxable income is over: | But not over: | Your tax is: |
|---|---|---|
$0 | $12,800 | 4% of your income |
$12,800 | $17,650 | $512 + 4.5% of the excess over $12,800 |
$17,650 | $20,900 | $730 + 5.25% of the excess over $17,650 |
$20,900 | $107,650 | $901 + 5.5% of the excess over $20,900 |
$107,650 | $269,300 | $5,672 + 6% of the excess over $107,650 |
$269,300 | $1,616,450 | $15,731 + 6.85% of the excess over $269,300 |
$1,616,450 | $5,000,000 | $107,651 + 9.65% of the excess over $1,616,450 |
$5,000,000 | $25,000,000 | $434,163 + 10.3% of the excess over $5,000,000 |
$25,000,000 | — | $2,494,163 + 10.9% of the excess over $25,000,000 |
Income Tax Deductions for New York
Standard Deduction
The state of New York allows taxpayers to claim a standard deduction based on their filing status as follows:
| Filing Status | Deduction Amount |
|---|---|
Single (Can be claimed as a dependent on another taxpayer’s federal tax return) | $3,100 |
Single (Can’t be claimed as a dependent on another taxpayer’s tax return) | $8,000 |
Married filing jointly | $16,050 |
Married filing separately | $8,000 |
Head of household (Must have a qualifying person) | $11,200 |
Qualifying surviving spouse | $16,050 |
Itemized Deductions
You can claim itemized deductions on your New York tax return regardless of whether you do so for federal purposes. New York allows deductions for such expenses as:
- Medical and dental bills
- State and local taxes
- Mortgage interest paid
- Gifts to charity
- Casualty and theft losses
- Job expenses, plus miscellaneous related costs such as travel, entertainment, gifts and car expenses
- Other itemized deductions, such as gambling losses (but only up to the amount of your gambling winnings)
New York State Income Tax Credits
Earned Income Tax Credit
You can claim New York’s earned income tax credit if you meet three conditions:
- You have a qualifying child.
- You claimed the federal earned income tax credit.
- You are not claiming New York state’s noncustodial parent earned income tax credit.
New York’s earned income credit is equal to 30% of your federal earned income tax credit, minus any household tax credit.
Household Tax Credit
To receive the household tax credit, you cannot be claimed as a dependent on someone else’s federal return. Also, you must reside in New York at least part of the year and meet certain income thresholds. The credit is worth up to $75 for single filers who earn $28,000 or less. For other filers, the credit amount varies according to the number of dependents you claim on your New York tax return.
Child and Dependent Care Credit
You qualify for New York’s child and dependent care credit if you are eligible for the federal version—even if you don’t claim it on your federal return. The amount of the credit depends on your income, the number of your qualifying children and the total amount of your child care expenses for the year. If the credit is more than the amount you owe in taxes, you may receive a tax refund.
College Tuition Tax Credit
You can claim the college tuition tax credit if you reside in New York for the full year. You must also have paid qualified higher education tuition expenses for yourself, your spouse, or a dependent you claimed on your tax return. The credit can be as much as $400 per student and is refundable—meaning that if it exceeds the amount you owe in taxes, you can claim the difference as a refund.
Do I Have to Pay Income Tax in New York?
You are required to file a New York state tax return if:
- You’re a resident and required to file a federal tax return.
- You’re a part-year resident or nonresident with income from New York sources.
Residency Status
You are considered a resident if one of the following is true:
- You are domiciled in New York. For example, your primary residence is in New York.
- You maintain a home in New York and spend at least 184 days in New York during the year.
Here is how the state of New York determines residency status:
Sales Tax Rates
Generally, the state of New York charges a state sales tax of 4%. Some localities tack on an additional sales tax.
Property Taxes and Property Tax Rates
Real estate in New York state is subject to property tax. Local assessors determine property values, and rates are calculated by local governments.
Property Tax Exemptions
New York provides full property tax exemptions for nonprofit and religious organizations. It also allows partial exemptions for some homeowners and veterans.
Capital Gains Taxes
New York taxes capital gains as ordinary income, at rates up to 10.9%.
Inheritance and Estate Tax
New York does not have an inheritance tax but does impose an estate tax.
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