What are the income tax rates in New York State?
In New York State, the income tax rates are determined by a progressive tax system, which means that the tax rate increases as the income level rises. As of 2021, the income tax rates for individuals range from 4% to 8.82%. The tax brackets are divided as follows: for incomes up to $17,150, the tax rate is 4%; for incomes between $17,150 and $43,000, the tax rate is 4.5%; for incomes between $43,000 and $161,550, the tax rate is 5.25%; for incomes between $161,550 and $323,200, the tax rate is 5.9%; for incomes between $323,200 and $2,155,350, the tax rate is 6.33%; and for incomes above $2,155,350, the tax rate is 8.82%. It's important to note that these rates are subject to change by the state legislature.
Need further help?
Type out your followup or related question and we will get you an answer right away.
Need to contact New York State Department of Taxation and Finance?
If you need to talk to New York State Department of Taxation and Finance customer service, now that you have the answers that you needed, click the button below.
Contact New York State Department of Taxation and Finance