New York City Income Tax Rate 2019

New york city was actually the first city to adopt an income tax ordinance approving one in 1934 but city leaders developed cold feet repealing the tax before it.

Wolf of wall street cast real life. 2019 new york tax brackets and rates for all four ny filing statuses are shown in the table below. The city succeeded in its second attempt authorizing a 15 percent tax on income from wages and salaries in december of 1939 and thus inaugurating the era of local income taxation. New yorks top marginal income tax rate of 882 is one of the highest in the country but very few taxpayers pay that amount.

Compare your take home after tax and estimate your tax return online great for single filers married filing jointly head of household and widower. 2019 tax tables select the return you file below it 201 for new york state residents or it 203 for new york state nonresidents or part year residents for more information on where to find the tax rates and tables for new york state new york city yonkers and metropolitan commuter transportation mobility tax mctmt. The new york city school tax credit is available to new york city residents or part year residents who cant be claimed as a dependent on another taxpayers federal income tax return.

For your 2019 taxes which youll file in early 2020 only individuals making. 2019 new york tax tables with 2020 federal income tax rates medicare rate fica and supporting tax and withholdings calculator. There is no new york city income tax imposed on nonresidents who work in new york city although they may have to pay the resident local income tax in their own municipality.

New york city has local income tax for residents so residents of new york city pay only the new york income tax and federal income tax on most forms of income. The state applies taxes progressively as does the federal government with higher earners paying higher rates.