![]() In addition to New York State income taxes, residents of New York City are also subject to New York City income taxes. Instead, taxpayers can claim a standard deduction based on their filing status: Additionally, New York State does not allow itemized deductions. ![]() It's important to note that New York State income tax rates apply to both earned income (such as wages, salaries, and tips) and unearned income (such as interest, dividends, and capital gains). There are currently nine tax brackets in New York State, with rates ranging from 4% to 10.9% for the 2022 tax year, that vary based on filing status. New York State has a progressive income tax system, which means that the more income you earn, the higher your tax rate. This guide provides an overview of New York State and New York City income taxes, including tax brackets and an introduction to income tax credits that residents may be eligible for. ![]() It's important for residents and those considering moving to the state or city to understand the income tax system to effectively manage their finances, in addition to federal income tax obligations. As one of the most populous states and cities in the United States, New York State and New York City have some of the highest income tax rates in the country.
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