New York State Paycheck Calculator

by

New York State Paycheck Calculator

Weekly Bi-Weekly Semi-Monthly Monthly
Single Married Filing Jointly
Single Married Filing Jointly
function calculatePaycheck() { // Get input values var grossPay = parseFloat(document.getElementById('grossPay').value); var payPeriodsPerYear = parseInt(document.getElementById('payFrequency').value); var federalFilingStatus = document.getElementById('federalFilingStatus').value; var federalAllowances = parseInt(document.getElementById('federalAllowances').value); var nysFilingStatus = document.getElementById('nysFilingStatus').value; var nysAllowances = parseInt(document.getElementById('nysAllowances').value); var isNYCResident = document.getElementById('isNYCResident').checked; var isYonkersResident = document.getElementById('isYonkersResident').checked; var preTaxDeductions = parseFloat(document.getElementById('preTaxDeductions').value); var postTaxDeductions = parseFloat(document.getElementById('postTaxDeductions').value); // Input validation if (isNaN(grossPay) || grossPay < 0 || isNaN(federalAllowances) || federalAllowances < 0 || isNaN(nysAllowances) || nysAllowances < 0 || isNaN(preTaxDeductions) || preTaxDeductions < 0 || isNaN(postTaxDeductions) || postTaxDeductions < 0) { document.getElementById('paycheckResult').innerHTML = 'Please enter valid positive numbers for all fields.'; return; } // Annualize inputs var annualGrossPay = grossPay * payPeriodsPerYear; var annualPreTaxDeductions = preTaxDeductions * payPeriodsPerYear; var annualPostTaxDeductions = postTaxDeductions * payPeriodsPerYear; // — FICA Taxes (Social Security & Medicare) — var socialSecurityRate = 0.062; var socialSecurityLimit = 168600; // 2024 limit var medicareRate = 0.0145; var annualSocialSecurityTaxable = Math.min(annualGrossPay, socialSecurityLimit); var annualSocialSecurityTax = annualSocialSecurityTaxable * socialSecurityRate; var annualMedicareTax = annualGrossPay * medicareRate; var annualFicaTax = annualSocialSecurityTax + annualMedicareTax; // — Taxable Income for Federal/State/Local — var annualTaxableGross = annualGrossPay – annualPreTaxDeductions; if (annualTaxableGross < 0) annualTaxableGross = 0; // Cannot have negative taxable income // Helper function to calculate tax based on brackets function calculateTax(taxableIncome, brackets, standardDeduction, allowanceValue, allowances) { var adjustedTaxableIncome = taxableIncome – standardDeduction – (allowances * allowanceValue); if (adjustedTaxableIncome < 0) adjustedTaxableIncome = 0; var tax = 0; for (var i = 0; i < brackets.length; i++) { var bracket = brackets[i]; if (adjustedTaxableIncome 0 ? brackets[i-1].limit : 0)) * bracket.rate; break; } if (i === brackets.length – 1) { // If income exceeds highest bracket shown tax = bracket.baseTax + (adjustedTaxableIncome – bracket.limit) * bracket.rate; } } return Math.max(0, tax); } // — Federal Income Tax (Simplified 2024 Brackets & Deductions) — var federalStandardDeduction; var federalAllowanceValue = 4700; // Simplified allowance value for calculation var federalBrackets; if (federalFilingStatus === 'single') { federalStandardDeduction = 14600; federalBrackets = [ { limit: 11600, rate: 0.10, baseTax: 0 }, { limit: 47150, rate: 0.12, baseTax: 1160 }, { limit: 100525, rate: 0.22, baseTax: 5426 }, { limit: 191950, rate: 0.24, baseTax: 17167 }, { limit: 243725, rate: 0.32, baseTax: 39111.50 }, { limit: 609350, rate: 0.35, baseTax: 55678.50 }, { limit: Infinity, rate: 0.37, baseTax: 183647.50 } ]; } else { // Married Filing Jointly federalStandardDeduction = 29200; federalBrackets = [ { limit: 23200, rate: 0.10, baseTax: 0 }, { limit: 94300, rate: 0.12, baseTax: 2320 }, { limit: 201050, rate: 0.22, baseTax: 10852 }, { limit: 383900, rate: 0.24, baseTax: 34334 }, { limit: 487450, rate: 0.32, baseTax: 78223 }, { limit: 731200, rate: 0.35, baseTax: 111357 }, { limit: Infinity, rate: 0.37, baseTax: 195857 } ]; } var annualFederalIncomeTax = calculateTax(annualTaxableGross, federalBrackets, federalStandardDeduction, federalAllowanceValue, federalAllowances); // — NY State Income Tax (Simplified 2024 Brackets & Deductions) — var nysStandardDeduction; var nysAllowanceValue = 1000; // NYS exemption value var nysBrackets; if (nysFilingStatus === 'single') { nysStandardDeduction = 8500; nysBrackets = [ { limit: 17150, rate: 0.04, baseTax: 0 }, { limit: 21550, rate: 0.045, baseTax: 686 }, { limit: 26850, rate: 0.0525, baseTax: 889 }, { limit: 161550, rate: 0.059, baseTax: 1167.25 }, { limit: 323200, rate: 0.064, baseTax: 9390.35 }, { limit: 1077550, rate: 0.0685, baseTax: 19739.55 }, { limit: 5000000, rate: 0.0965, baseTax: 72965.30 }, { limit: 25000000, rate: 0.103, baseTax: 459965.30 }, { limit: Infinity, rate: 0.109, baseTax: 2519965.30 } ]; } else { // Married Filing Jointly nysStandardDeduction = 17050; nysBrackets = [ { limit: 25500, rate: 0.04, baseTax: 0 }, { limit: 30000, rate: 0.045, baseTax: 1020 }, { limit: 40000, rate: 0.0525, baseTax: 1222.50 }, { limit: 323200, rate: 0.059, baseTax: 1747.50 }, { limit: 430900, rate: 0.064, baseTax: 19090.70 }, { limit: 2155350, rate: 0.0685, baseTax: 25900.30 }, { limit: 5000000, rate: 0.0965, baseTax: 149999.30 }, { limit: 25000000, rate: 0.103, baseTax: 429999.30 }, { limit: Infinity, rate: 0.109, baseTax: 2489999.30 } ]; } var annualNysIncomeTax = calculateTax(annualTaxableGross, nysBrackets, nysStandardDeduction, nysAllowanceValue, nysAllowances); // — NYC Resident Tax (Simplified 2024 Brackets) — var annualNycResidentTax = 0; if (isNYCResident) { var nycBrackets; if (nysFilingStatus === 'single') { // NYC uses NYS filing status nycBrackets = [ { limit: 12000, rate: 0.03876, baseTax: 0 }, { limit: 25000, rate: 0.0450, baseTax: 465.12 }, { limit: 40000, rate: 0.0522, baseTax: 1050.12 }, { limit: 60000, rate: 0.0590, baseTax: 1833.12 }, { limit: Infinity, rate: 0.0632, baseTax: 2993.12 } ]; } else { // Married Filing Jointly nycBrackets = [ { limit: 21600, rate: 0.03876, baseTax: 0 }, { limit: 45000, rate: 0.0450, baseTax: 835.216 }, { limit: 72000, rate: 0.0522, baseTax: 1860.766 }, { limit: 108000, rate: 0.0590, baseTax: 3300.166 }, { limit: Infinity, rate: 0.0632, baseTax: 5424.166 } ]; } // NYC tax is based on NYS taxable income, but without its own standard deduction/exemptions annualNycResidentTax = calculateTax(annualTaxableGross, nycBrackets, 0, 0, 0); } // — Yonkers Resident Tax — var annualYonkersResidentTax = 0; if (isYonkersResident) { // Yonkers tax is 16.75% of the net NYS tax liability annualYonkersResidentTax = annualNysIncomeTax * 0.1675; } // — Total Annual Taxes — var totalAnnualTaxes = annualFicaTax + annualFederalIncomeTax + annualNysIncomeTax + annualNycResidentTax + annualYonkersResidentTax; // — Net Pay Calculation — var annualNetPay = annualGrossPay – annualPreTaxDeductions – totalAnnualTaxes – annualPostTaxDeductions; // — Per Pay Period Results — var netPayPerPeriod = annualNetPay / payPeriodsPerYear; var federalTaxPerPeriod = annualFederalIncomeTax / payPeriodsPerYear; var nysTaxPerPeriod = annualNysIncomeTax / payPeriodsPerYear; var nycTaxPerPeriod = annualNycResidentTax / payPeriodsPerYear; var yonkersTaxPerPeriod = annualYonkersResidentTax / payPeriodsPerYear; var ficaTaxPerPeriod = annualFicaTax / payPeriodsPerYear; var totalDeductionsPerPeriod = preTaxDeductions + postTaxDeductions + federalTaxPerPeriod + nysTaxPerPeriod + nycTaxPerPeriod + yonkersTaxPerPeriod + ficaTaxPerPeriod; var totalTaxesPerPeriod = federalTaxPerPeriod + nysTaxPerPeriod + nycTaxPerPeriod + yonkersTaxPerPeriod + ficaTaxPerPeriod; // Display results var resultHtml = '

Paycheck Summary per Pay Period:

'; resultHtml += 'Gross Pay: $' + grossPay.toFixed(2) + "; resultHtml += 'Pre-tax Deductions: $' + preTaxDeductions.toFixed(2) + "; resultHtml += 'Post-tax Deductions: $' + postTaxDeductions.toFixed(2) + "; resultHtml += 'Federal Income Tax: $' + federalTaxPerPeriod.toFixed(2) + "; resultHtml += 'NY State Income Tax: $' + nysTaxPerPeriod.toFixed(2) + "; if (isNYCResident) { resultHtml += 'NYC Resident Tax: $' + nycTaxPerPeriod.toFixed(2) + "; } if (isYonkersResident) { resultHtml += 'Yonkers Resident Tax: $' + yonkersTaxPerPeriod.toFixed(2) + "; } resultHtml += 'Social Security Tax: $' + (annualSocialSecurityTax / payPeriodsPerYear).toFixed(2) + "; resultHtml += 'Medicare Tax: $' + (annualMedicareTax / payPeriodsPerYear).toFixed(2) + "; resultHtml += 'Total Taxes Withheld: $' + totalTaxesPerPeriod.toFixed(2) + "; resultHtml += 'Total Deductions (Pre-tax, Post-tax, & Taxes): $' + totalDeductionsPerPeriod.toFixed(2) + "; resultHtml += 'Net Pay: $' + netPayPerPeriod.toFixed(2) + ''; resultHtml += 'Note: This calculator provides an estimate based on simplified 2024 tax brackets and common deductions. Actual withholding may vary.'; document.getElementById('paycheckResult').innerHTML = resultHtml; } .calculator-container { font-family: 'Arial', sans-serif; background-color: #f9f9f9; padding: 20px; border-radius: 8px; box-shadow: 0 2px 10px rgba(0, 0, 0, 0.1); max-width: 600px; margin: 20px auto; border: 1px solid #ddd; } .calculator-container h2 { text-align: center; color: #333; margin-bottom: 25px; font-size: 24px; } .calc-input-group { margin-bottom: 15px; display: flex; flex-direction: column; } .calc-input-group label { margin-bottom: 5px; color: #555; font-size: 15px; } .calc-input-group input[type="number"], .calc-input-group select { padding: 10px; border: 1px solid #ccc; border-radius: 4px; font-size: 16px; width: 100%; box-sizing: border-box; /* Ensures padding doesn't increase width */ } .calc-input-group input[type="checkbox"] { margin-top: 8px; width: auto; /* Override 100% width for checkboxes */ transform: scale(1.2); /* Make checkbox slightly larger */ margin-left: 5px; } .calculate-button { background-color: #007bff; color: white; padding: 12px 20px; border: none; border-radius: 5px; font-size: 18px; cursor: pointer; display: block; width: 100%; margin-top: 25px; transition: background-color 0.3s ease; } .calculate-button:hover { background-color: #0056b3; } .calc-result { margin-top: 30px; padding: 20px; background-color: #e9f7ef; border: 1px solid #d4edda; border-radius: 8px; color: #155724; } .calc-result h3 { color: #155724; margin-top: 0; margin-bottom: 15px; font-size: 20px; } .calc-result p { margin-bottom: 8px; line-height: 1.5; font-size: 16px; } .calc-result p strong { color: #333; }

Understanding Your New York State Paycheck

Navigating the complexities of a paycheck can be challenging, especially with various federal, state, and local taxes and deductions. For residents of New York State, this can be even more intricate due to specific state and potential city (NYC) or county (Yonkers) taxes. Our New York State Paycheck Calculator is designed to help you estimate your net pay, giving you a clearer picture of your take-home earnings.

How Your Paycheck is Calculated

Your gross pay is the total amount of money you earn before any deductions or taxes are taken out. From this gross amount, several items are typically subtracted to arrive at your net pay (what you actually take home). These deductions generally fall into three main categories:

1. Pre-tax Deductions

These are deductions taken from your gross pay before taxes are calculated. They reduce your taxable income, meaning you pay less in federal, state, and sometimes local income taxes. Common pre-tax deductions include:

  • 401(k) or 403(b) Contributions: Retirement savings plans.
  • Health Insurance Premiums: Your share of health, dental, or vision insurance costs.
  • Flexible Spending Accounts (FSAs) or Health Savings Accounts (HSAs): Accounts for healthcare or dependent care expenses.

2. Federal Taxes

These are mandatory contributions to federal programs:

  • Social Security (FICA): Funds retirement, disability, and survivor benefits. Employees typically pay 6.2% of their gross wages up to an annual limit (e.g., $168,600 for 2024).
  • Medicare (FICA): Funds hospital insurance for the elderly and disabled. Employees typically pay 1.45% of all gross wages, with no income limit.
  • Federal Income Tax: This is a progressive tax, meaning higher earners pay a higher percentage. The amount withheld depends on your gross pay, filing status (Single, Married Filing Jointly, etc.), and the number of allowances claimed on your W-4 form.

3. New York State Taxes

New York State has its own set of income taxes:

  • NY State Income Tax: Similar to federal income tax, this is a progressive tax based on your income, filing status, and allowances claimed on your IT-2104 form. New York has several tax brackets, with rates varying based on income levels.

4. Local Taxes (Specific to NY)

Depending on where you live and work in New York, you might also be subject to local income taxes:

  • New York City (NYC) Resident Tax: Residents of New York City pay an additional local income tax. This is also a progressive tax with its own set of brackets.
  • Yonkers Resident Tax: Residents of Yonkers pay a local income tax that is calculated as a percentage of their net New York State tax liability (e.g., 16.75% of NYS tax).

5. Post-tax Deductions

These deductions are taken from your pay after all taxes have been calculated and withheld. They do not reduce your taxable income. Examples include:

  • Roth 401(k) Contributions: Retirement savings where contributions are taxed now, but withdrawals in retirement are tax-free.
  • Union Dues: Fees paid to a labor union.
  • Garnishments: Court-ordered deductions for debts like child support or student loans.
  • Charitable Contributions: Deductions for donations made directly from your paycheck.

Using the Calculator

To use our New York State Paycheck Calculator, simply input the following information:

  • Gross Pay per Pay Period: Your total earnings before any deductions for a single pay period.
  • Pay Frequency: How often you get paid (e.g., weekly, bi-weekly, monthly).
  • Federal Filing Status & Allowances: As indicated on your W-4 form.
  • NY State Filing Status & Allowances: As indicated on your IT-2104 form.
  • NYC Resident: Check this box if you live in New York City.
  • Yonkers Resident: Check this box if you live in Yonkers.
  • Pre-tax Deductions per Pay Period: The total amount of deductions that reduce your taxable income.
  • Post-tax Deductions per Pay Period: The total amount of deductions taken after taxes.

The calculator will then provide an estimated breakdown of your taxes and deductions, culminating in your estimated net pay per pay period.

Example Calculation

Let's consider an example:

  • Gross Pay per Pay Period: $2,000 (Bi-Weekly)
  • Federal Filing Status: Single, 2 Allowances
  • NY State Filing Status: Single, 2 Allowances
  • NYC Resident: No
  • Yonkers Resident: No
  • Pre-tax Deductions: $100 (e.g., 401k, health insurance)
  • Post-tax Deductions: $50 (e.g., Roth 401k)

Based on these inputs, the calculator would estimate:

  • Annual Gross Pay: $2,000 * 26 = $52,000
  • Annual Pre-tax Deductions: $100 * 26 = $2,600
  • Annual Taxable Gross: $52,000 – $2,600 = $49,400
  • Estimated Annual FICA Taxes: ~$3,980 (Social Security + Medicare)
  • Estimated Annual Federal Income Tax: ~$3,000 (after deductions/allowances)
  • Estimated Annual NY State Income Tax: ~$1,800 (after deductions/allowances)
  • Total Estimated Annual Taxes: ~$8,780
  • Annual Post-tax Deductions: $50 * 26 = $1,300
  • Estimated Annual Net Pay: $52,000 – $2,600 – $8,780 – $1,300 = $39,320
  • Estimated Net Pay per Pay Period: $39,320 / 26 = $1,512.31

(Note: These are illustrative figures. The calculator will provide more precise estimates based on the simplified tax brackets used.)

Understanding your paycheck is crucial for personal financial planning. Use this calculator as a helpful tool to estimate your take-home pay and better manage your budget.

Leave a Comment