Income Tax Brackets New York City

Part year nyc resident tax.

Income tax brackets new york city. You can take a refundable credit of 125 if you re married file a joint return and have income of 250 000 or less. Today we ll explore what it is the rates for 2020 as well as deductions and available credits. New york s income tax rates were last changed one year ago for tax year 2019 and the tax brackets were previously changed in 2016. The new york city income tax is one of the few negatives of living in this incredible city.

Nyc tax rate schedule. Nys taxable income less than 65 000. New york city resident tax. Nys adjusted gross income is more than 107 650.

Each marginal rate only applies to earnings within the applicable marginal tax bracket. Use the nys tax computation. The new york city school tax credit is available to new york city residents or part year residents who can t be claimed as dependents on another taxpayer s federal income tax return. New york has eight marginal tax brackets ranging from 4 the lowest new york tax bracket to 8 82 the highest new york tax bracket.