Single
Married Filing Jointly
Married Filing Separately
Head of Household
Understanding New York City Income Tax
New York City (NYC) imposes its own income tax on residents, in addition to New York State income tax and federal income tax. This means NYC residents typically pay three levels of income tax. The NYC income tax is calculated based on your taxable income, which is your adjusted gross income less your deductions.
The tax rates are progressive, meaning higher earners pay a larger percentage of their income in taxes. The rates vary based on your annual income and your filing status. The following information provides a general overview and uses tax brackets for the most recent tax year available for illustrative purposes. Tax laws and brackets can change annually, so always consult official sources or a tax professional for the most accurate and up-to-date information.
NYC Income Tax Brackets (Illustrative – Year: 2023)
These brackets are for NYC residents and are applied after determining your taxable income (Income minus Deductions).
Single / Married Filing Separately / Head of Household (Illustrative Brackets)
Up to $12,000: 3.078%
$12,001 to $25,000: 3.732%
$25,001 to $50,000: 4.170%
$50,001 to $100,000: 4.500%
$100,001 to $250,000: 5.350%
$250,001 to $500,000: 5.850%
Over $500,000: 6.850%
Married Filing Jointly (Illustrative Brackets)
Up to $24,000: 3.078%
$24,001 to $50,000: 3.732%
$50,001 to $100,000: 4.170%
$100,001 to $200,000: 4.500%
$200,001 to $500,000: 5.350%
$500,001 to $1,000,000: 5.850%
Over $1,000,000: 6.850%
How the Calculator Works
This calculator takes your total annual income and subtracts your total deductions to arrive at your taxable income. It then applies the appropriate NYC tax rate based on your filing status and the calculated taxable income, using the progressive tax bracket system.
Formula: Taxable Income = Annual Income – Total Deductions
The calculator then uses a series of conditional statements (if-else logic) to determine which tax bracket your taxable income falls into and calculates the tax based on the corresponding marginal tax rate for your filing status.
Disclaimer
This calculator is for estimation purposes only and should not be considered tax advice. Tax laws are complex and subject to change. For accurate tax calculations and advice, please consult a qualified tax professional or refer to official IRS and New York State Department of Taxation and Finance publications. The tax brackets used are illustrative and may not reflect the most current year's rates.