New York City Paycheck Calculator
Use this calculator to estimate your net take-home pay in New York City, factoring in federal, state, local (NYC), and FICA taxes, as well as common pre-tax deductions. Please note that this calculator provides an estimate and should not be considered financial or tax advice. Actual withholdings may vary based on specific tax situations, additional deductions, and changes in tax laws.
Federal Tax Information
New York State Tax Information
New York City Local Tax
Pre-Tax Deductions (Annual)
Understanding Your New York City Paycheck
Navigating your paycheck can be complex, especially in a high-tax state and city like New York. This calculator helps you break down your gross pay into its various components, showing you how much you take home after taxes and deductions.
Gross Pay
Your gross pay is your total earnings before any taxes or deductions are taken out. This is typically your annual salary divided by your pay frequency (e.g., 26 for bi-weekly, 12 for monthly).
Federal Income Tax
This is the largest deduction for most individuals. The amount withheld depends on your gross income, filing status (Single, Married Filing Jointly, Head of Household), and the number of dependents or allowances you claim on your W-4 form. The U.S. operates on a progressive tax system, meaning higher earners pay a higher percentage of their income in taxes. Our calculator uses simplified tiered rates for estimation.
FICA Taxes (Social Security & Medicare)
- Social Security: This tax funds retirement, disability, and survivor benefits. Employees pay 6.2% of their gross wages up to an annual wage base limit (e.g., $168,600 for 2024).
- Medicare: This tax funds hospital insurance for the elderly and disabled. Employees pay 1.45% of all gross wages, with no wage base limit. An additional 0.9% Medicare tax applies to high earners (over $200,000 for single filers, $250,000 for married filing jointly). Our calculator includes the standard 1.45%.
New York State Income Tax
New York State also has a progressive income tax system. The amount withheld depends on your gross income, filing status, and allowances claimed on your NY Form IT-2104. Our calculator uses simplified tiered rates for estimation.
New York City Local Income Tax
If you are a resident of New York City, you are subject to an additional local income tax. This is another progressive tax, and its rates are applied on top of federal and state taxes. Our calculator applies a simplified tiered rate if you indicate you are an NYC resident.
Pre-Tax Deductions
These are deductions taken from your gross pay before taxes are calculated, effectively reducing your taxable income. Common pre-tax deductions include:
- 401(k) contributions
- Health, dental, and vision insurance premiums
- Flexible Spending Accounts (FSAs)
- Health Savings Accounts (HSAs)
- Commuter benefits
By reducing your taxable income, pre-tax deductions can lower your overall tax liability.
Net Pay
Your net pay, or take-home pay, is the amount you receive after all federal, state, local, and FICA taxes, as well as any pre-tax and post-tax deductions, have been subtracted from your gross pay.
Example Calculation:
Let's consider an individual with a gross annual salary of $75,000, paid bi-weekly, filing as Single with 0 federal and state allowances, an NYC resident, contributing $3,000 annually to a 401(k), and paying $2,000 annually for health insurance.
- Gross Annual Salary: $75,000
- Pay Frequency: Bi-weekly (26 pay periods)
- Gross Pay Per Period: $75,000 / 26 = $2,884.62
- Annual Pre-Tax Deductions: $3,000 (401k) + $2,000 (Health) = $5,000
- Pre-Tax Deductions Per Period: $5,000 / 26 = $192.31
- Taxable Income (Federal/State/Local) Per Period: $2,884.62 – $192.31 = $2,692.31
- Social Security Tax (6.2%): $2,884.62 * 0.062 = $178.85
- Medicare Tax (1.45%): $2,884.62 * 0.0145 = $41.83
- Estimated Federal Income Tax: (Based on simplified rates, e.g., ~15-18% of taxable income) ~$400 – $500
- Estimated NY State Income Tax: (Based on simplified rates, e.g., ~4-5% of taxable income) ~$100 – $130
- Estimated NYC Local Income Tax: (Based on simplified rates, e.g., ~3% of taxable income) ~$80 – $95
- Total Deductions Per Period: ~$192.31 (Pre-tax) + $178.85 (SS) + $41.83 (Medicare) + $450 (Fed) + $115 (NY State) + $85 (NYC Local) = ~$1063
- Estimated Net Pay Per Period: $2,884.62 – $1063 = ~$1,821.62
This example illustrates how various deductions impact your final take-home pay. Use the calculator above with your specific numbers for a personalized estimate.