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New York Income Tax Calculator

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Overview of New York Taxes

New York is generally known for high taxes. In parts of the state, like New York City, all types of taxes are even higher.

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Your Income Taxes Breakdown

Tax Type Marginal 
Tax Rate
Effective 
Tax Rate
2021 
Taxes*
Federal
FICA
State
Local
Total Income Taxes
Income After Taxes
Retirement Contributions
Take-Home Pay

* These are the taxes owed for the 2021 - 2022 filing season.

Your 2021 Federal Income Tax Comparison

  • Your marginal federal income tax rate
  • Your effective federal income tax rate
  • Your federal income taxes

Total Estimated 2021 Tax Burden

Income Tax $
Sales Tax $
Fuel Tax $
Property Tax$
Total Estimated Tax Burden $
Percent of income to taxes = %
$
  • About This Answer

    Our income tax calculator calculates your federal, state and local taxes based on several key inputs: your household income, location, filing status and number of personal exemptions. Also, we separately calculate the federal income taxes you will owe in the 2020 - 2021 filing season based on the Trump Tax Plan.

    How Income Taxes Are Calculated

    • First, we calculate your adjusted gross income (AGI) by taking your total household income and reducing it by certain items such as contributions to your 401(k).
    • Next, from AGI we subtract exemptions and deductions (either itemized or standard) to get your taxable income. Exemptions can be claimed for each taxpayer as well as dependents such as one’s spouse or children.
    • Based on your filing status, your taxable income is then applied to the the tax brackets to calculate your federal income taxes owed for the year.
    • Your location will determine whether you owe local and / or state taxes.
    ...read more
  • Last Updated: January 1, 2021

    When Do We Update? - We regularly check for any updates to the latest tax rates and regulations.

    Customer Service - If you would like to leave any feedback, feel free to email info@smartasset.com.

    ...read more
  • Our Tax Expert

    Jennifer Mansfield, CPA Tax

    Jennifer Mansfield, CPA, JD/LLM-Tax, is a Certified Public Accountant with more than 30 years of experience providing tax advice. SmartAsset’s tax expert has a degree in Accounting and Business/Management from the University of Wyoming, as well as both a Masters in Tax Laws and a Juris Doctorate from Georgetown University Law Center. Jennifer has mostly worked in public accounting firms, including Ernst & Young and Deloitte. She is passionate about helping provide people and businesses with valuable accounting and tax advice to allow them to prosper financially. Jennifer lives in Arizona and was recently named to the Greater Tucson Leadership Program.

    ...read more
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Taxes in New York

New York State Tax Quick Facts

  • State income tax: 4% - 10.9%
  • NYC income tax: 3.078% - 3.876% (in addition to state tax)
  • Sales tax: 4% - 8.875%
  • Property tax: 1.69% average effective rate
  • Gas tax: 8.05 cents per gallon of regular gasoline, 8.00 cents per gallon of diesel

For taxpayers in the state of New York, there’s New York City, and then there’s everywhere else. The state’s tax system combines a relatively low sales tax rate with an income tax system that leans heavily on high earners. Meanwhile, New York City also levies its own income taxes, which means residents of the Big Apple pay some of the nation’s highest local rates.

A financial advisor in New York can help you understand how taxes fit into your overall financial goals. Financial advisors can also help with investing and financial planning - including retirement, homeownership, insurance and more - to make sure you are preparing for the future.

New York Income Taxes

New York State’s top marginal income tax rate of 10.9% is one of the highest in the country, but very few taxpayers pay that amount. The state applies taxes progressively (as does the federal government), with higher earners paying higher rates. For your 2020 taxes (which you'll file in early 2021), only individuals making more than $25,000,000 pay the top rate, and earners in the next bracket pay 0.6% less. Joint filers face the same rates, with brackets approximately double those of single filers. For example, the upper limit of the first bracket goes up from $8,500 to to $17,150 if you’re married and filing jointly.

State Income Tax Brackets

Single Filers
New York Taxable IncomeRate
$0 - $8,5004.00%
$8,500 - $11,7004.50%
$11,700 - $13,9005.25%
$13,900 - $21,4005.90%
$21,400 - $80,6505.97%
$80,650 - $215,4006.33%
$215,400 - $1,077,5506.85%
$1,077,550 - $5,000,0009.65%
$5,000,000 - $25,000,00010.30%
$25,000,000+10.90%
Married, Filing Jointly
New York Taxable IncomeRate
$0 - $17,1504.00%
$17,150 - $23,6004.50%
$23,600 - $27,9005.25%
$27,900 - $43,0005.90%
$43,000 - $161,5505.97%
$161,550 - $323,2006.33%
$323,200 - $2,155,3506.85%
$2,155,350 - $5,000,0009.65%
$5,000,000 - $25,000,00010.30%
$25,000,000+10.90%
Married, Filing Separately
New York Taxable IncomeRate
$0 - $8,5004.00%
$8,500 - $11,7004.50%
$11,700 - $13,9005.25%
$13,900 - $21,4005.90%
$21,400 - $80,6505.97%
$80,650 - $215,4006.33%
$215,400 - $1,077,5506.85%
$1,077,550 - $5,000,0009.65%
$5,000,000 - $25,000,00010.30%
$25,000,000+10.90%
Head of Household
New York Taxable IncomeRate
$0 - $12,8004.00%
$12,800 - $17,6504.50%
$17,650 - $20,9005.25%
$20,900 - $32,2005.90%
$32,200 - $107,6505.97%
$107,650 - $269,3006.33%
$269,300 - $1,616,4506.85%
$1,616,450 - $5,000,0009.65%
$5,000,000 - $25,000,00010.30%
$25,000,000+10.90%

New York City collects its own income taxes in addition to those collected by the state. The city’s tax rates range from 3.078% of taxable income to 3.876% for top earners. Below are the rates for New York City alone:

NYC Income Tax Brackets

Single Filers
New York Taxable IncomeRate
$0 - $12,0003.078%
$12,000 - $25,0003.762%
$25,000 - $50,0003.819%
$50,000+3.876%
Married, Filing Jointly
New York Taxable IncomeRate
$0 - $21,6003.078%
$21,600 - $45,0003.762%
$45,000 - $90,0003.819%
$90,000+3.876%
Married, Filing Separately
New York Taxable IncomeRate
$0 - $12,0003.078%
$12,000 - $25,0003.762%
$25,000 - $50,0003.819%
$50,000+3.876%
Head of Household
New York Taxable IncomeRate
$0 - $14,4003.078%
$14,400 - $30,0003.762%
$30,000 - $60,0003.819%
$60,000+3.876%

You’ll note that in our discussion of tax rates above that we used the term “taxable income.” This is different from actual income earned, because it accounts for tax deductions and exemptions. In New York, the standard deduction for a single earner is $8,000 ($16,050 for joint filers). This means that when calculating New York taxes, you should first subtract that amount from your income (unless you have itemized deductions of a greater amount).

New York Tax Credits

A tax credit reduces your income taxes by the full amount of the credit. So if you owe $5,000 in taxes and are eligible for a tax credit of $500, you only need to pay $4,500 total. There are numerous additional tax credits offered in the state of New York, many of which primarily benefit low income households.

Among the credits available are the Earned Income Tax Credit, which is worth up to $8,991 for a family with three or more children; and the child and dependent care credit, which is a minimum of 20% of the federal credit by the same name, depending on the taxpayer’s New York State taxable income.

New York Sales Tax

At 4%, New York’s sales tax rate is one of the highest in the country. However, all counties collect additional surcharges on top of that 4% rate. This means that, depending on where you are, actual rates may be significantly higher than other parts of the country. The table below shows the total state and local sales tax rates for all New York counties.

Sales Tax Rates(Updated January 2022)

County
CountyState RateCounty RateTotal Sales Tax
Albany County4.000%4.000%8.000%
Allegany County4.000%4.500%8.500%
Bronx4.000%4.875%8.875%
Broome County4.000%4.000%8.000%
Cattaraugus County4.000%4.000%8.000%
Cayuga County4.000%4.000%8.000%
Chautauqua County4.000%4.000%8.000%
Chemung County4.000%4.000%8.000%
Chenango County4.000%4.000%8.000%
Clinton County4.000%4.000%8.000%
Columbia County4.000%4.000%8.000%
Cortland County4.000%4.000%8.000%
Delaware County4.000%4.000%8.000%
Dutchess County4.000%4.125%8.125%
Erie County4.000%4.750%8.750%
Essex County4.000%4.000%8.000%
Franklin County4.000%4.000%8.000%
Fulton County4.000%4.000%8.000%
Genesee County4.000%4.000%8.000%
Greene County4.000%4.000%8.000%
Hamilton County4.000%4.000%8.000%
Herkimer County4.000%4.250%8.250%
Jefferson County4.000%4.000%8.000%
Kings County4.000%4.875%8.875%
Lewis County4.000%4.000%8.000%
Livingston County4.000%4.000%8.000%
Madison County4.000%4.000%8.000%
Monroe County4.000%4.000%8.000%
Montgomery County4.000%4.000%8.000%
Nassau County4.000%4.625%8.625%
New York County4.000%0.000%4.000%
Niagara County4.000%4.000%8.000%
Oneida County4.000%4.750%8.750%
Onondaga County4.000%4.000%8.000%
Ontario County4.000%3.500%7.500%
Orange County4.000%4.125%8.125%
Orleans County4.000%4.000%8.000%
Oswego County4.000%4.000%8.000%
Otsego County4.000%4.000%8.000%
Putnam County4.000%4.375%8.375%
Queens County4.000%4.875%8.875%
Rensselaer County4.000%4.000%8.000%
Richmond County4.000%4.875%8.875%
Rockland County4.000%4.375%8.375%
Saratoga County4.000%3.000%7.000%
Schenectady County4.000%4.000%8.000%
Schoharie County4.000%4.000%8.000%
Schuyler County4.000%4.000%8.000%
Seneca County4.000%4.000%8.000%
St. Lawrence County4.000%4.000%8.000%
Steuben County4.000%4.000%8.000%
Suffolk County4.000%4.625%8.625%
Sullivan County4.000%4.000%8.000%
Tioga County4.000%4.000%8.000%
Tompkins County4.000%4.000%8.000%
Ulster County4.000%4.000%8.000%
Warren County4.000%3.000%7.000%
Washington County4.000%3.000%7.000%
Wayne County4.000%4.000%8.000%
Westchester County4.000%4.375%8.375%
Wyoming County4.000%4.000%8.000%
Yates County4.000%4.000%8.000%
City
CityState RateCounty + City RateTotal Sales Tax
Albany4.000%4.000%8.000%
Amherst4.000%4.750%8.750%
Bensonhurst4.000%4.875%8.875%
Binghamton4.000%4.000%8.000%
Brentwood4.000%4.625%8.625%
Brooklyn4.000%4.875%8.875%
Buffalo4.000%4.750%8.750%
Cheektowaga4.000%4.750%8.750%
Coney Island4.000%4.000%8.000%
East New York4.000%4.875%8.875%
Greenburgh4.000%4.375%8.375%
Hempstead4.000%4.625%8.625%
Irondequoit4.000%4.000%8.000%
Jamaica4.000%4.875%8.875%
Levittown4.000%4.625%8.625%
Mount Vernon4.000%4.375%8.375%
New Rochelle4.000%4.375%8.375%
New York City4.000%4.875%8.875%
Niagara Falls4.000%4.000%8.000%
Rochester4.000%4.000%8.000%
Schenectady4.000%4.000%8.000%
Staten Island4.000%4.875%8.875%
Syracuse4.000%4.000%8.000%
Tonawanda4.000%4.750%8.750%
Troy4.000%4.000%8.000%
Utica4.000%4.750%8.750%
West Albany4.000%4.000%8.000%
West Seneca4.000%4.750%8.750%
White Plains4.000%4.375%8.375%
Yonkers4.000%4.875%8.875%

Note that all five New York City counties (New York, Kings, Queens, Bronx and Richmond) are subject to the full city tax rate of 8.875%, the highest total rate in the state. That rate includes a 0.375% charge for the Metropolitan Commuter Transportation District, which supports the region’s transportation infrastructure.

Furthermore, a few other cities in New York State have tax rates that are different from rate in the county in which they are located. For example, the sales tax rate in Yonkers is 8.875%, whereas the rate in the county in which it is located - Westchester - is 8.375%.

Not all products are subject to sales taxes in New York. For example, food sold in grocery stores (except prepared and/or heated food) is generally exempt, and in New York City, clothing and footwear purchases up to $110 are also sales-tax free.

New York Tobacco Tax

On the other hand, many products face higher rates or additional charges. Cigarettes are subject to an excise tax of $4.35 per pack of 20, and other tobacco products have a tax equaling 75% of the wholesale price. In New York City, there is an additional $1.50 excise tax per pack of cigarettes.

New York Property Tax

Property taxes are assessed exclusively by counties and cities in New York State, which means that rates vary significantly from one place to the next. Effective rates - taxes as a percentage of actual value as opposed to assessed value - run from less than 0.7% to about 3.5%.

Surprisingly, the city with the lowest effective property tax rate is New York City, where property taxes paid total an average of just 0.88% of property value. The reason for that relatively low rate is that the taxable value of most residential property in New York City is equal to just 6% of the market value. That is, if your home is worth $500,000, you will only be charged taxes on $30,000 of that amount. Outside of New York City, however, rates are generally between 2% and 3%.

Regardless of city, if you are looking to refinance or purchase a property in New York with a mortgage, check out our guide to mortgages in New York. We’ve got details on average mortgage rates and other information about getting a mortgage in the Empire State. You can also use our New York property tax calculator to find out what you would pay in property taxes in New York.

New York Estate Tax

New York’s estate tax is based on a graduated rate scale, with tax rates increasing from 5% to 16% as the value of the estate grows. The exemption for the 2021 tax year is $5.93 million, which means that any bequeathed estate valued below that amount is not taxable.

New York Gasoline Tax

The Motor Fuel Excise Taxes on gasoline and diesel in New York are 8.05 cents per gallon and 8.00 cents per gallon, respectively. Furthermore, the Petroleum Business Tax (PBT) is paid by petroleum businesses for certain types of fuel and paid at different points in the distribution chain.

New York Capital Gains Tax

Capital gains in New York are taxed as normal income, according to the rates described above.

New York Alcohol Tax

Alcohol taxes in the Empire State are near the U.S. averages. Liquor is taxed at a rate of $6.44 per gallon, while beer is taxed at a rate of 14 cents per gallon. New York City charges an additional tax of $1 per gallon of liquor and 12 cents per gallon of beer.

Photo credit: flickr
  • New York is the only state to touch one of the Great Lakes and the Atlantic Ocean.
  • The capital of New York is Albany.
  • The median monthly rent in Manhattan is more than $3,000 dollars.