New York State Income Tax Calculator

What are the 2024 New York state income tax brackets?

For single filers: 4% ($0–$17,150), 4.5% ($17,150–$23,600), 5.25% ($23,600–$27,900), 5.5% ($27,900–$161,550), 6% ($161,550–$323,200), 6.85% ($323,200–$2,155,350), 9.65% ($2.15M–$5M), 10.3% ($5M–$25M), 10.9% (above $25M). Married filing jointly brackets are approximately doubled.

Does New York City have its own income tax?

Yes — NYC residents pay a local income tax (Form IT-201) in addition to NY state tax. NYC rates: 3.078% (up to $12K), 3.762% ($12K–$25K), 3.819% ($25K–$50K), 3.876% (above $50K). Non-residents who work in NYC but live elsewhere do not pay NYC local tax — only NY state tax on NYC-sourced income.

What is the New York "millionaire's tax"?

In 2021, New York added three new brackets for high earners: 9.65% on income over $1.07M (single) or $2.15M (MFJ), 10.3% over $5M, and 10.9% over $25M. These were originally scheduled through 2027 but are effectively permanent. Combined with NYC local tax (3.876%) and the federal top rate (37%), NYC's highest earners face over 50% combined marginal rate.

Does New York tax retirement income?

NY exempts: Social Security benefits (completely), government pensions (federal, NY state, local), military pensions. NY partially exempts: private pension/retirement plan income up to $20,000 exclusion for those 59½+. NY taxes: IRA distributions, 401k withdrawals, most private pensions above the exclusion, capital gains (taxed as ordinary income).