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The state of New York allows residents to file together with their spouse under a joint filing system; this lets them combine their incomes into a single taxable amount. Most states allow the joint filing system and follow the federal concept of taxing a family as one income.
Same sex marriages are recognized by the state of New York and follow the same tax rules as any other married couple.
Taxes are based on the federal adjusted gross income, although there are some large differences between federal and state tax law.
Exemptions
There are some differences between federal and New York state tax law. These items are exempt from New York state income tax:
- U.S. Government Bond Interest
- Capital gains from the sale of certain new business investments
- Private pension income for those over 59 ½ up to $20,000
- Military, public and civil service pensions.
- Social Security benefits
- Disability Income up to $5,200
Some contributions to retirement plans for public employees and amounts withheld from wages for federal taxes for specific NYC public employees are added to state AGI.
Deductions
New York state standard deduction for residents is $7,700 for Single/Married filing Single, $15,400 for married filing jointly and $10,800 for Head of Household. Other deductions are:
- New York College saving programs contributions
- Investments into Qualified emerging technologies
- Feed for long-term residential care
- Organ donation expenses
- Income earned as a member of the NY organized militia
- Payments towards interest under the New York Higher education loan program
- Life insurance death benefits that have been accelerated
Federal, state, local and foreign income taxes are non-deductible. If the tax payer hasn’t claimed the college tuition credit they may deduct college tuition. State income thresholds set the amount of total deductions that can be claimed.
Tax Rates
New York Tax rates are as follows:
| Single Filer Taxable Income |
Tax Rate |
| $0 - $8,450 |
4% of income over $0 |
| $8,450 - $11,650 |
$338.00 plus 4.5% on anything over $8,450 |
| $11,650 - $13,850 |
$482.00 plus 5.25% on anything over $11,650 |
| $13,850 - $21,300 |
$597.50 plus 5.9% on anything over $13,850 |
| $21,300 - $80,150 |
$1,037.50 plus 6.45% on anything over $21,300 |
| $80,150 - $214,000 |
$4,832.88 plus 6.65% on anything over $80,150 |
| $214,000 - $1,070,350 |
$13,733.90 plus 6.85% on anything over $214,000 |
| $1,070,350+ |
$72,393.88 plus 8.82% on anything over $1,070,350 |
| Married, Joint Filer Taxable Income |
Tax Rate |
| $0 - $17,050 |
4% of income over $0 |
| $17,050 - $23,450 |
$682.00 plus 4.5% on anything over $17,050 |
| $23,450 - $27,750 |
$970.00 plus 5.25% on anything over $23,450 |
| $27,750 - $42,750 |
$1,195.75 plus 5.9% on anything over $27,750 |
| $42,750 - $160,500 |
$2,080.75 plus 6.45% on anything over $42,750 |
| $160,500 - $321,050 |
$9,675.63 plus 6.65% on anything over $160,500 |
| $321,050 - $2,140,900 |
$20,352.20 plus 6.85% on anything over $321,050 |
| $2,140,900+ |
$145,011.93 plus 8.82% on anything over $2,140,900 |
| Married, Separate Filer Taxable Income |
Tax Rate |
| $0 - $8,450 |
4% of income over $0 |
| $8,450 - $11,650 |
$338.00 plus 4.5% on anything over $8,450 |
| $11,650 - $13,850 |
$482.00 plus 5.25% on anything over $11,650 |
| $13,850 - $21,300 |
$597.50 plus 5.9% on anything over $13,850 |
| $21,300 - $80,150 |
$1,037.50 plus 6.45% on anything over $21,300 |
| $80,150 - $214,000 |
$4,832.88 plus 6.65% on anything over $80,150 |
| $214,000 - $1,070,350 |
$13,733.90 plus 6.85% on anything over $214,000 |
| $1,070,350+ |
$72,393.88 plus 8.82% on anything over $1,070,350 |
| Head of Household Filer Taxable Income |
Tax Rate |
| $0 - $12,750 |
4% of income over $0 |
| $12,750 - $17,550 |
$510.00 plus 4.5% on anything over $12,750 |
| $17,550 - $20,800 |
$726.00 plus 5.25% on anything over $17,550 |
| $20,800 - $32,000 |
$896.63 plus 5.9% on anything over $20,800 |
| $32,000 - $106,950 |
$1,557.43 plus 6.45% on anything over $32,000 |
| $106,950 - $267,500 |
$6,391.70 plus 6.65% on anything over $106,950 |
| $267,500 - $1,605,650 |
$17,068.28 plus 6.85% on anything over $267,500 |
| $1,605,650+ |
$108,731.55 plus 8.82% on anything over $1,605,650 |
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