1. What is New York Tax Calculator?

This calculator helps Pakistani professionals working in New York estimate their tax liabilities including federal, state, city taxes, and FICA contributions. It provides a breakdown of different tax components.

2. How Does the Calculator Work?

The calculator uses progressive tax rates for different jurisdictions:

Where:

• Federal Tax — Progressive rates based on filing status
• NY State Tax — Progressive rates up to 6.85%
• NYC Tax — Progressive rates up to 3.876% (for residents only)
• FICA — 6.2% Social Security + 1.45% Medicare

3. Importance of Tax Calculation

Details: Understanding tax liabilities helps in financial planning, especially for Pakistani expatriates who may have different tax obligations in both countries.

4. Using the Calculator

Tips: Enter your annual salary in USD, select your filing status, and indicate if you're an NYC resident. The calculator will provide a breakdown of all tax components.

5. Frequently Asked Questions (FAQ)

Q1: Are Pakistani citizens taxed differently in the US?
A: No, the same tax rates apply regardless of citizenship. However, tax treaties may affect certain situations.

Q2: Do I need to pay NYC tax if I work in NYC but live in New Jersey?
A: No, NYC tax only applies to residents of New York City.

Q3: Is Social Security tax refundable for Pakistani workers?
A: Generally no, unless you're from a country with a totalization agreement (Pakistan doesn't have one with the US).

Q4: How accurate is this calculator?
A: It provides estimates based on standard deductions. For precise calculations, consult a tax professional.

Q5: What about state tax if I work remotely from Pakistan?
A: New York may still tax your income if your employer is based there, even if you work remotely.