What is the New York State income tax rate?

by Ricklef Wohlers. 2024/09/20.

What is the New York State income tax rate?

New York State income tax rates are progressive, ranging from 4% to 10.90% as of the 2023 tax year. The exact rate you will pay depends on your income level. For incomes up to $8,500, the rate is 4%, while higher incomes exceeding $25,000,000 are taxed at 10.90%. Here are the general brackets for single filers, which differ for married filing jointly, heads of household, and others:

• Up to $8,500: 4%
• $8,501 to $11,700: 4.5%
• $11,701 to $13,900: 5.25%
• $13,901 to $21,400: 5.9%
• $21,401 to $80,650: 6.09%
• $80,651 to $215,400: 6.41%
• $215,401 to $1,077,550: 6.85%
• $1,077,551 to $5,000,000: 9.65%
• $5,000,001 to $25,000,000: 10.30%
• Over $25,000,000: 10.90%

These rates and brackets may be updated annually, so it's essential to check the latest information on the New York State Department of Taxation and Finance website or consult a tax professional for the most accurate details.