New York Income Tax Calculator (2024)

Estimate your take-home pay and all taxes in New York State and New York City for 2024!
Our NY Income Tax Calculator provides a fast, accurate breakdown of your federal, NYS, NYC, and FICA taxes, including deductions, dependents, and pay frequency. Instantly see your annual and per-paycheck results, interactive charts, and a transparent calculation process. Perfect for employees, freelancers, and anyone working or living in New York.
Whether you live in NYC, Yonkers, or upstate, this tool gives you clarity on your net pay and tax obligations. Updated for 2024 brackets and rules.

New York Income Tax Calculator

Calculating for Tax Year 2024
Disclaimer: This is a basic estimate for Tax Year 2024 for informational purposes ONLY. It uses standard deductions or your itemized estimate and limited filing statuses. It does not account for all credits or complexities and is not tax advice. Visit the official NYS Tax website.

Understanding New York Taxes (2024)

Navigating taxes in New York involves understanding federal, state, and potentially local income taxes, especially if you live or work in New York City or Yonkers. This calculator helps estimate your take-home pay by considering these key components.

New York State (NYS) Income Tax

New York State employs a progressive income tax system, meaning the tax rate increases as income rises. For the 2024 tax year, rates range from 4% to 10.9%. The specific rate applied depends on your filing status (Single, Married Filing Jointly, Head of Household) and your New York taxable income.

  • Taxable Income: This is your Adjusted Gross Income (AGI) minus deductions. New York offers a standard deduction or allows itemized deductions.
  • Standard Deduction (2024): $8,000 for Single, $16,050 for Married Filing Jointly, $11,200 for Head of Household.
  • Tax Brackets: The calculator uses the official 2024 NYS tax brackets for your filing status to determine your state tax liability.

New York City (NYC) & Yonkers Income Tax

Residents of New York City and Yonkers are subject to additional local income taxes on top of the state income tax.

  • NYC Income Tax: Rates for 2024 range from 3.078% to 3.876%, depending on income and filing status.
  • Yonkers Income Tax: Residents pay a surcharge calculated as a percentage of their net NYS tax. Non-residents who work in Yonkers may also be subject to an earnings tax.
  • Residency: Your primary residence (domicile) determines if you owe NYC or Yonkers resident income tax. This calculator uses the ZIP code to help determine potential residency.

Federal Income Tax

Your federal income tax is calculated based on federal tax brackets, your filing status, deductions (standard or itemized), and allowances claimed on your W-4 form. Pre-tax deductions like 401(k) or HSA contributions reduce your federal taxable income.

FICA Taxes (Social Security & Medicare)

FICA taxes fund Social Security and Medicare. These are typically withheld by employers.

  • Social Security: 6.2% on income up to the annual limit ($168,600 for 2024).
  • Medicare: 1.45% on all income. An additional 0.9% Medicare tax applies to income above certain thresholds ($200,000 for Single, $250,000 for MFJ).

Other New York Taxes (Not Calculated Here)

While this calculator focuses on income taxes, be aware of other taxes in New York:

  • Sales Tax: A state rate of 4% plus local county/city rates (e.g., NYC total is 8.875%). Groceries and certain clothing items may be exempt.
  • Property Tax: Varies significantly by location, levied by local governments.

Disclaimer: This information is for general guidance for the 2024 tax year and is not tax advice. Consult a tax professional for personalized advice.