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The calculator is updated with the latest tax rates and brackets as per the 2019 tax year in New York. This tool is designed for simplicity and ease of use, focusing solely on income tax calculations.
Apr 18, 2024 · New York state income tax rates range from 4% to 10.9% for income earned in 2023. Tax brackets and rates depend on taxable income, adjusted gross income and filing status. Residency status...
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Mar 12, 2024 · Personal income tax collections; Fiscal year 2019 2020 2021 2022 2023; Personal income tax collections (in millions of dollars) $48,087.34: $53,659.40: $54,966.67: $70,737.34: $58,775.67
Dec 24, 2022 · When you consider doctor salary, New York overall has a median salary of $222,681 for an entry-level doctor. This is a range of $192,803 to $249,080, according to Salary.com. Those in the 90th percentile may earn $273,115 as an entry level professional.
- New York State’S Largest Revenue Source
- Fewer Tax Filers
- Fast Refunds
- Progressive Tax System
- More Millionaires
- Growth of Millionaires
- Tax Filing Composition in New York State Is Changing
- Composition of Income For Tax Year 2022
- Digital Assets
- Voluntary Contributions
The Tax Department collected nearly $59 billion in personal income taxes in fiscal year 2023. This is the state’s largest revenue source, supporting programs and services including education, health, and public safety. View this data as a table
Taxpayers filed fewer than 10.7 million personal income tax returns in New York State in 2022, down from almost 11 million in 2020 when the COVID-19 pandemic drove an expansion in government relief programs. View this data as a table
The Tax Department processes most personal income tax refunds in 30 days or less. In 2023, the department issued 7.4 million personal income tax refunds from tax year 2022 for a total of $14.4 billion. View this data as a table
New York State's progressive tax system imposes a lower tax rate on lower-income taxpayers. A small number of high-income taxpayers pay most personal income tax. View this data as a table View this data as a table View this data as a table View this data as a table
The number of tax returns reporting $1 million or more in New York State adjusted gross income was greater than 90,000 in tax year 2021. The number shown below for 2022 is preliminary and likely to increase as the department continues to review and process tax year 2022 returns. View this data as a table
The number of millionaires fluctuates with the New York State economy, but not with any single economic indicator. View this data as a table
More single filers
Tax filing status distribution has shifted, with single filers now comprising the majority of resident income tax returns.
Fewer dependents
The number of dependents reported on New Yorkers' tax returns markedly declined over the past 6 years. Residents claimed 600,000 fewer dependents in 2022 than 6 years ago. View this data as a table
Share of returns with dependents
The share of residents claiming dependents on their tax filings dropped by more than 3 percentage points between 2017 and 2022. As the share of single filers increased, the share of married filing jointly returns with no dependents was largely unchanged. However, married filing jointly returns with dependents declined 2 percentage points and head of household filings with dependents dropped 1 percentage point over the same period. View this data as a table
The nature of income varies considerably as incomes rise. For taxpayers under $1 million, the primary source of income is from wages and salary. As income rises above $1 million, however, wages and salary are displaced by other sources of income, most notably "unearned income" such as dividends and capital gains. View this data as a table
Tax filings now include information on the use of digital assets, including cryptocurrencies and non-fungible tokens. More than 200,000 returns indicated use of these assets in tax year 2022, about half the number of the previous year, with a concentration in younger taxpayers. View this data as a table
The number of voluntary contribution funds has increased steadily, but the number of contributions has declined over the same period and the total amount contributed has remained largely unchanged. View this data as a table
an additional tax of up to 3.876% to the city, resulting in a combined top marginal income tax rate of 14.776%, the highest in the nation. Top state personal income tax rates and brackets as of Jan. 1, 2023 State Top rate Bracket California 1,2,3 12.30% $677,275 Hawaii 2 11.00% $200,000 New York 1 10.90% $25,000,000 Dist.
Jan 21, 2020 · Seven tax brackets — based on income ranges — determine how much you pay: Federal Tax Brackets by Adjusted Income. The rate that a single, nonmarried filer will pay for federal income tax. What...
