How much is New York income tax?
New York income tax at 3 levels of New York taxable income — what is left after New York's own deductions and exemptions. Local income taxes are not included.
| Taxable income | Single | Married filing jointly |
|---|---|---|
| $50,000 | $2,5355.1% effective · 5.4% marginal | $2,3684.7% effective · 5.4% marginal |
| $100,000 | $5,3365.3% effective · 5.9% marginal | $5,1235.1% effective · 5.4% marginal |
| $250,000 | $16,8226.7% effective · 6.85% marginal | $14,7505.9% effective · 5.9% marginal |
These figures include a rule from New York's law that the bracket table cannot show: N.Y. Tax Law §601(d-5) — taxable years beginning in 2026.
Run your own New York numbersWhat are New York's income tax brackets for 2026?
| Taxable income | Rate |
|---|---|
| Up to $8,500 | 3.9% |
| Over $8,500 up to $11,700 | 4.4% |
| Over $11,700 up to $13,900 | 5.15% |
| Over $13,900 up to $80,650 | 5.4% |
| Over $80,650 up to $215,400 | 5.9% |
| Over $215,400 up to $1,077,550 | 6.85% |
| Over $1,077,550 up to $5,000,000 | 9.65% |
| Over $5,000,000 up to $25,000,000 | 10.3% |
| Over $25,000,000 | 10.9% |
| Taxable income | Rate |
|---|---|
| Up to $17,150 | 3.9% |
| Over $17,150 up to $23,600 | 4.4% |
| Over $23,600 up to $27,900 | 5.15% |
| Over $27,900 up to $161,550 | 5.4% |
| Over $161,550 up to $323,200 | 5.9% |
| Over $323,200 up to $2,155,350 | 6.85% |
| Over $2,155,350 up to $5,000,000 | 9.65% |
| Over $5,000,000 up to $25,000,000 | 10.3% |
| Over $25,000,000 | 10.9% |
Source: N.Y. Tax Law §601, checked September 10, 2026.
Can you deduct New York income tax on your federal return?
The federal deduction for state and local taxes (SALT) is capped at $40,400 for 2026 — $20,200 if married filing separately — and the cap shrinks toward $10,000 once modified AGI passes $505,000. A single filer with $250,000 of New York taxable income owes about $16,822 in New York income tax — 42% of that cap before any property tax.
SALT cap workaroundsDoes New York have a pass-through entity tax (PTET)?
Yes. A partnership or S corporation can elect to pay New York income tax at the entity level. The business deducts it federally, so that state tax is not limited by the SALT cap, and the owners claim a New York credit or exclusion for it. Deductsy's plan treats March 15 as the New York election or first-payment deadline; it is approximate, so confirm it with New York before relying on it.
PTET savings calculatorWhen are New York estimated tax payments due?
New York estimated tax is due April 15, June 15, September 15 and January 15 of the following year, in 4 equal instalments. Those are the same dates as the federal schedule. Source: Instructions for Form IT-2105, Estimated Tax Payment Voucher for Individuals (IT-2105-I (2026)).
Safe-harbor calculatorWhat is the penalty for underpaying New York estimated tax?
New York charges the federal underpayment rate plus 2.5 percentage points on an underpaid instalment, never less than 7.5%. Paying at least 90% of this year's tax or 100% of last year's (110% if New York AGI was over $150,000) on time avoids it. Source: Instructions for Form IT-2105.9, Underpayment of Estimated Tax by Individuals and Fiduciaries (IT-2105.9-I (2025)).
Does New York allow the QBI deduction?
No. New York does not allow the federal qualified business income (§199A) deduction, so New York tax is figured on pass-through business income before it.
How the QBI deduction phases outAre HSA contributions deductible in New York?
Yes. New York follows the federal treatment, so an HSA contribution — up to $4,400 with self-only coverage or $8,750 with family coverage for 2026 — lowers New York taxable income as well as federal.
Does New York follow federal bonus depreciation?
No. New York decouples from federal bonus depreciation (outside a few Liberty Zone cases), so the bonus is added back on your NY return.
Rental depreciation calculatorDoes New York give a tax break for 529 plan contributions?
Yes. New York lets you deduct up to $5,000 a year of contributions to New York's own 529 plan ($10,000 on a joint return). Income limits, per-beneficiary caps and carryforwards differ by state, so check the plan's rules.
529 plan tax savings calculatorDoes New York take a disability or paid-leave tax out of paychecks?
Yes. New York employees pay NY Paid Family Leave through payroll: 0.388% of wages for 2026, on wages up to $91,240. It comes out on top of federal payroll taxes and New York income tax withholding.
What is the property tax rate in New York?
New York's average effective property tax rate is 1.55% — the 6th highest of 51 jurisdictions and 1.7 times the national average of 0.9%. That is about $1,550 a year for every $100,000 of home value; the rate varies widely by county and school district.
Itemize or take the standard deduction?How much does an LLC cost to keep in New York each year?
Deductsy budgets about $25 a year for a New York LLC — the annual report fee or minimum franchise tax, with a fee due every two years counted at half. Fees change, so confirm with New York's business filing office.
New York S-corp tax calculatorHow do New York taxes compare with neighboring states?
| State | Top income tax rate | Income tax on $100,000 (single) | Property tax (avg) |
|---|---|---|---|
| New York | 10.9% | $5,336 | 1.55% |
| Connecticut | 6.99% | $4,975 | 1.81% |
| Massachusetts | 9% | $5,000 | 1.07% |
| New Jersey | 10.75% | $4,244 | 2.11% |
| Pennsylvania | 3.07% | $3,070 | 1.3% |
| Vermont | 8.75% | $4,995 | 1.59% |
On $100,000 of taxable income a single filer's New York income tax is $5,336 — more than in all 5 neighboring states. The lowest is Pennsylvania at $3,070; the highest is Massachusetts at $5,000. New York's average property tax rate is higher than in 2 of 5.
Income tax is each state's own tax on the same state taxable income; local income taxes are not included.
More New York tax notes
- New York City and Yonkers residents pay a local income tax on top of the state tax.
- Property tax varies widely by county.
Tax moves that matter most for New York
If you own an S corporation, partnership or multi-member LLC, New York's PTET election moves the New York income tax on that profit to the business, where it is deductible federally and outside the SALT cap.
That is the 6th highest of 51 and 1.7 times the national average, so property tax does much of the work of filling the SALT cap. Bunching two years of property tax into one can push itemized deductions past the standard deduction in alternate years.
An S-corp election can cut self-employment tax once profit is large enough to pay yourself a reasonable salary and still cover payroll and filing costs. The New York calculator adds New York's own entity fees and taxes to that breakeven.
With 1099 income, a Solo 401(k) can take up to $72,000 a year (2026) — usually more than a SEP-IRA at the same income. Contributions lower both federal and New York income tax.
Run your New York numbers
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