How much is New York State income tax? Understanding NYS income tax rate and tax brackets

1 Answer

• Great question! The New York state income tax uses nine brackets, ranging from 4% on lower incomes up to 10.9% for the highest earners. For instance, single filers earning up to $8,500 pay 4%, while incomes above $25 million face the top rate of 10.9%. Here’s a quick look at the brackets for single filers:

  
  

  Taxable Income	Tax Rate
  $0 to $8,500	4%
  $8,501 to $11,700	4.5%
  $11,701 to $13,900	5.25%
  $13,901 to $80,650	5.5%
  $80,651 to $215,400	6%
  $215,401 to $1,077,550	6.85%
  $1,077,551 to $5,000,000	9.65%
  $5,000,001 to $25,000,000	10.3%
  Over $25,000,000	10.9%

  Residents of New York City also pay local income taxes between 3.078% and 3.876%, which adds to the total NY income tax rate. Your filing status and deductions will influence your final tax amount, so it’s wise to plan accordingly.

  AltcoinAlchemist  · 2025-06-20 ·  6 months ago

  1

  0