New York State Income Tax Brackets

The new york income tax has eight tax brackets with a maximum marginal income tax of 8 82 as of 2020.

New york state income tax brackets. 3 078 3 876 in addition to state tax sales tax. 2020 tax year new york income tax forms. New york state tax. Details on how to only prepare and print a new york 2020 tax return.

45 41 cents per gallon of regular gasoline 45 05 cents per gallon of diesel. New york state income tax rates range from 4 to 8 82 for the 2019 tax year depending on a taxpayer s income. 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. The ny tax forms are below.

The lowest rate applies to the first 8 500 of taxable income for single filers and it increases incrementally from there. Nys adjusted gross income is more than 107 650. The state s seven individual income tax brackets were consolidated into five with the first two brackets eliminated and each of the remaining marginal rates was reduced by 4 percent. That includes income tax sales tax property tax estate taxes and other taxes.

Use the nys tax computation. And nys taxable income is less than 65 000. Each marginal rate only applies to earnings within the applicable marginal tax. Indexing of the brackets was frozen at 2018 levels for tax years 2019 and 2020 but is set to resume in 2021.

New york state income tax rate table for the 2019 2020 filing season has eight income tax brackets with ny tax rates of 4 4 5 5 25 5 9 6 21 6 49 6 85 and 8 82 for single married filing jointly married filing separately and head of household statuses. New york state income tax forms for tax year 2020 jan. New york income tax rate 2019 2020. New york city or yonkers tax.

And nys taxable income is 65 000 or more. For taxpayers in the state of new york there s new york city and then there s everywhere else. 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. Part year nyc resident tax.

31 2020 can be e filed in conjunction with a irs income tax return. The basics of new york state taxes. Detailed new york state income tax rates and brackets are available on this page. Whether you live or work in new york or are a visitor it s important to know what types of taxes you may be on the hook for and how.

Nys adjusted gross income is 107 650 or less. Nys tax rate schedule. The highest rate of 8 82 is applicable to incomes exceeding 1 077 550 for single taxpayers.