NY Tax Tables for 2011, 2012
65NY Tax Tables
In the state of New York, all residents are responsible for filing a state income tax return. Shown below are the NY tax tables and rates. Also, any resident living in New York City must pay personal income tax to the city.
The city tax is administered and collected by the New York State Department of Taxation and Finance for the city.
Every income-earning individual residing in New York City must pay personal income tax. Part-year residents figure their tax based on income and deductions on the days lived in NYC. Most people living outside the city are not subject to NYC personal income tax. The city personal income tax is filed with New York State. NY Tax Tables for Personal Income Tax City and State are available at www.nystax.gov.
All residents of the state of NY are responsible for state income tax.
The following NY tax tables show in detail the New York state income tax rates by income tax bracket(s). There are 7 income tax brackets for New York.
- Income Range ($0 to $8,000) your tax rate on every dollar earned is 4%.
- Income Range ($8,001 to $11,000) your tax rate on every dollar earned is 4.5%.
- Income Range ($11,001 to $13,000) your tax rate on every dollar earned is 5.25%.
- Income Range ($13,001 to $20,000) your tax rate on every dollar earned is 5.9%.
- Income Range ($20,001 to $100,000) your tax rate on every dollar earned is 6.85%
- Income Range ($100,001 to $500,000) your tax rate on every dollar earned is 7.375%
- Income Range ($500,001 and over) your tax rate on every dollar earned is 7.7%
Because of the observance of the Emancipation Day holiday in Washington D.C., the filing deadline is April 18 this year. Typically, the deadline is April 15th except when circumstances as this arise.
To calculate your estimated state taxes, I recommend using an online tax calculator such as the free tax calculator offered at TurboTax. TurboTax has tax professionals available to answer any questions you may have 24 hours a day, 7 days a week.
For more information on NY Tax tables, visit TurboTax Online today.
