Tax rate used in calculating New York state tax for year 2023State 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 2023)- 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 | $7,950 |
- 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 | $ 8,500 | $ 0 | plus | 4.00% | $ 0 | | 8,500 | 11,700 | 340 | plus | 4.50% | 8,500 | | 11,700 | 13,900 | 484 | plus | 5.25% | 11,700 | | 13,900 | 80,650 | 600 | plus | 5.50% | 13,900 | | 80,650 | 96,800 | 4,271 | plus | 6.00% | 80,650 | | 96,800 | 107,650 | 5,240 | plus | 7.14% | 96,800 | | 107,650 | 157,650 | 6,014 | plus | 7.64% | 107,650 | | 157,650 | 215,400 | 9,832 | plus | 6.50% | 157,650 | | 215,400 | 265,400 | 13,586 | plus | 11.01% | 265,400 | | 265,400 | 1,077,550 | 19,092 | plus | 7.35% | 265,400 | | 1,077,550 | 5,000,000.00 | 78,785 | plus | 10.45% | 1,077,550 | | 5,000,000.00 | 25,000,000.00 | 488,681.00 | plus | 11.1% | 5,000,000.00 | | 25,000,000.00 | and over | 2,708,681 | plus | 11.7% | 25,000,000.00 |
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 | $ 8,500 | $ 0 | plus | 4.00% | $ 0 | | 8,500 | 11,700 | 340 | plus | 4.50% | 8,500 | | 11,700 | 13,900 | 484 | plus | 5.25% | 11,700 | | 13,900 | 80,650 | 600 | plus | 5.50% | 13,900 | | 80,650 | 96,800 | 4,271 | plus | 6.00% | 80,650 | | 96,800 | 107,650 | 5,240 | plus | 6.67% | 96,800 | | 107,650 | 157,650 | 5,963 | plus | 7.17% | 107,650 | | 157,650 | 211,550 | 9,546 | plus | 8.11% | 157,650 | | 211,550 | 323,200 | 13,919 | plus | 6.50% | 211,550 | | 323,200 | 373,200 | 21,177 | plus | 12.84% | 323,200 | | 373,200 | 1,077,569 | 27,599 | plus | 7.35% | 373,200 | | 1,077,569 | 2,155,350 | 79,368 | plus | 7.65% | 1,077,569 | | 2,155,350 | 5,000,000 | 161,820 | plus | 10.45% | 2,155,350 | | 5,000,000 | 25,000,000 | 459,086 | plus | 11.1% | 5,000,000 | | 25,000,000 | and over | 2,679,086 | plus | 11.7% | 25,000,000 |
- Divide the annual New York tax withholding by 26 to obtain the biweekly New York tax withholding.
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