Tax rate used in calculating New York state tax for year 2016 | State Abbreviation:
| NY | | State Tax Withholding
State Code: | 36 | | Acceptable Exemption
Form: | IT-2104 or W-4 | | Basis For Withholding:
| State Exemptions | | Acceptable Exemption
Data: | S, M / Number of Exemptions | | TSP Deferred: | Yes | | Special Coding: | None | | Additional Information:
| None | Withholding Formula (New York Effective 2016) - Subtract the nontaxable biweekly Thrift Savings
Plan contribution from the gross biweekly wages.
- Subtract the nontaxable biweekly Federal Health
Benefits Plan payment(s) (includes flexible spending account - health
care and dependent care deductions) from the amount computed in step
1.
- Add the taxable biweekly fringe benefits (taxable
life insurance, etc.) to the amount computed in step 2 to obtain the
adjusted gross biweekly wages.
- Multiply the adjusted gross biweekly wages by 26
to obtain the annual wages.
- Determine the standard deduction allowance by applying
the following guideline and subtract this amount from the annual wages.
| Single/Head
of Household | Married | | $7,400 | $7,900 | - Determine the exemption allowance by applying the
following guideline and subtract this amount from the result of step
5 to compute the taxable income.
Exemption Allowance = $1,000 x Number of Exemptions - Apply the taxable income computed in step 6 to the
following table to determine the annual New York tax withholding.
| Tax Withholding Table
Single
or
Head of Household | | If the Amount
of
Taxable Income Is: | The Amount of
New York State
Tax Withholding Should Be: | | Over: | But Not
Over: | | | | Of Excess
Over: | | $ 0 | $ 8,450 | $ 0 | plus | 4.00% | $ 0 | | 8,450 | 11,650 | 338 | plus | 4.50% | 8,450 | | 11,650 | 13,850 | 482 | plus | 5.25% | 11,650 | | 13,850 | 21,300 | 598 | plus | 5.90% | 13,850 | | 21,300 | 80,150 | 1,037 | plus | 6.45% | 21,300 | | 80,150 | 96,200 | 4,833 | plus | 6.65% | 80,150 | | 96,200 | 106,950 | 5,900 | plus | 7.58% | 96,200 | | 106,950 | 160,500 | 6,715 | plus | 8.08% | 106,950 | | 160,500 | 214,000 | 11,042 | plus | 7.15% | 160,500 | | 214,000 | 267,500 | 14,867 | plus | 8.15% | 214,000 | | 267,500 | 1,070,350 | 19,227 | plus | 7.35% | 267,500 | | 1,070,350 | 1,123,950 | 78,237 | plus | 49.02% | 1,070,350 | | 1,123,950 | and over | 104,512 | plus | 9.62% | 1,123,950 | | Married | | If the Amount
of
Taxable Income Is: | The Amount of
New York State
Tax Withholding Should Be: | | Over: | But Not
Over: | | | | Of Excess
Over: | | $ 0 | $ 8,450 | $ 0 | plus | 4.00% | $ 0 | | 8,450 | 11,650 | 338 | plus | 4.50% | 8,450 | | 11,650 | 13,850 | 482 | plus | 5.25% | 11,650 | | 13,850 | 21,300 | 598 | plus | 5.90% | 13,850 | | 21,300 | 80,150 | 1,037 | plus | 6.45% | 21,300 | | 80,150 | 96,200 | 4,833 | plus | 6.65% | 80,150 | | 96,200 | 106,950 | 5,900 | plus | 7.28% | 96,200 | | 106,950 | 160,500 | 6,683 | plus | 7.78% | 106,950 | | 160,500 | 214,000 | 10,849 | plus | 8.08% | 160,500 | | 214,000 | 321,050 | 15,172 | plus | 7.15% | 214,000 | | 321,050 | 376,600 | 22,826 | plus | 8.15% | 321,050 | | 376,600 | 1,070,350 | 27,190 | plus | 7.35% | 376,600 | | 1,070,350 | 2,140,900 | 78,328 | plus | 7.65% | 1,070,350 | | 2,140,900 | 2,194,500 | 160,225 | plus | 88.42% | 2,140,900 | | 2,194,500 | and over | 207,618 | plus | 9.62% | 2,194,500 | - Divide the annual New York tax withholding by 26
to obtain the biweekly New York tax withholding.
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