Tax rate used in calculating New York state tax for year 2021
|
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 2021)
- 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
|
21,400
|
600
|
plus
|
5.90%
|
13,900
|
|
21,400
|
80,650
|
1,042
|
plus
|
5.97%
|
21,400
|
|
80,650
|
96,800
|
4,579
|
plus
|
6.33%
|
80,650
|
|
96,800
|
107,650
|
5,602
|
plus
|
7.38%
|
96,800
|
|
107,650
|
157,650
|
6,402
|
plus
|
7.88%
|
107,650
|
|
157,650
|
215,400
|
10,342
|
plus
|
6.83%
|
157,650
|
|
215,400
|
265,400
|
14,287
|
plus
|
9.59%
|
215,400
|
|
265,400
|
1,077,550
|
19,082
|
plus
|
7.35%
|
265,400
|
|
1,077,550
|
1,127,550
|
78,775
|
plus
|
52.08%
|
1,077,550
|
|
1,127,550
|
and over
|
104,815
|
plus
|
9.62%
|
1,127,550
|
|
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
|
21,400
|
600
|
plus
|
5.90%
|
13,900
|
|
21,400
|
80,650
|
1,042
|
plus
|
5.97%
|
21,400
|
|
80,650
|
96,800
|
4,579
|
plus
|
6.33%
|
80,650
|
|
96,800
|
107,650
|
5,602
|
plus
|
7.28%
|
96,800
|
|
107,650
|
157,650
|
6,391
|
plus
|
7.78%
|
107,650
|
|
157,650
|
211,550
|
10,281
|
plus
|
7.99%
|
157,650
|
|
211,550
|
323,200
|
14,588
|
plus
|
6.83%
|
211,550
|
|
323,200
|
373,200
|
22,214
|
plus
|
10.71%
|
323,200
|
|
373,200
|
1,077,569
|
27,565
|
plus
|
7.35%
|
373,200
|
|
1,077,550
|
2,155,350
|
79,338
|
plus
|
7.65%
|
1,077,550
|
|
2,155,350
|
2,205,350
|
161,790
|
plus
|
94.54%
|
2,155,350
|
|
2,205,350
|
and over
|
209,060
|
plus
|
9.62%
|
2,205,350
|
- Divide the annual New York tax withholding by 26
to obtain the biweekly New York tax withholding.
|
in house payroll tax solution for New York small businesses here.
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