Tax rate used in calculating New York state tax for year 2023

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Withholding Formula (New York Effective 2023)

1. Subtract the nontaxable biweekly Thrift Savings Plan contribution from the gross biweekly wages.
   
   
2. 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.
   
   
3. Add the taxable biweekly fringe benefits (taxable life insurance, etc.) to the amount computed in step 2 to obtain the adjusted gross biweekly wages.
   
   
4. Multiply the adjusted gross biweekly wages by 26 to obtain the annual wages.
   
   
5. 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



6. 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

7. 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



8. Divide the annual New York tax withholding by 26 to obtain the biweekly New York tax withholding.