Estimate your take-home pay after Federal, NY State, and NYC City taxes.
Single
Married Filing Jointly
Head of Household
Estimated Breakdown
Federal Income Tax:0
Social Security (6.2%):0
Medicare (1.45%):0
NY State Income Tax:0
NYC Local Tax:0
Annual Net Take-Home:0
Monthly Take-Home:0
Understanding Your NYC Paycheck
Working in New York City means navigating one of the most complex tax environments in the United States. Unlike most cities, NYC residents are subject to three distinct layers of income tax: Federal, New York State, and a specific New York City local tax.
Tax Components in New York City
Federal Income Tax: Progressive tax brackets ranging from 10% to 37% depending on your income level and filing status.
FICA Taxes: This includes Social Security (6.2% up to the wage base limit) and Medicare (1.45%). These are mandatory payroll deductions.
NY State Tax: New York State uses a progressive tax system. For most middle-income earners, rates fluctuate between 5% and 6.85%.
NYC Resident Tax: This is a unique local tax for people living within the five boroughs. Rates generally range from 3.078% to 3.876%.
How Pre-Tax Deductions Help
Contributing to a 401(k) or a traditional IRA reduces your taxable income. For instance, if you earn 100,000 but contribute 10,000 to a pre-tax 401(k), the government only taxes you as if you earned 90,000. This is one of the most effective ways to lower your overall tax burden in NYC.
Example Calculation
If a single filer earns 80,000 gross per year in NYC, their approximate breakdown would look like this:
Estimated Federal Tax: ~9,200
FICA (Social Security/Medicare): ~6,120
NY State Tax: ~4,100
NYC Local Tax: ~2,800
Total Take-Home: ~$57,780 annually or ~$4,815 monthly.
Note: This calculator provides estimates based on 2024 tax brackets and simplified standard deductions. Actual results may vary based on specific tax credits, itemized deductions, or the Additional Medicare Tax for high earners.