1. What is New York State Salary Tax?

New York State residents pay three main types of taxes on their salary: Federal Income Tax, New York State Tax, and FICA (Social Security and Medicare). This calculator helps Pakistani residents working in NYS estimate their tax burden.

2. How Does the Calculator Work?

The calculator uses current tax brackets for:

Where:

• Federal Tax — Progressive tax based on IRS brackets
• NY State Tax — Progressive tax based on NYS brackets
• FICA — 6.2% Social Security (up to wage base) + 1.45% Medicare

3. Importance of Tax Calculation

Details: Accurate tax estimation helps with financial planning, understanding take-home pay, and preparing for tax filing obligations.

4. Using the Calculator

Tips: Enter your annual salary in USD and select your filing status. The calculator will estimate your tax burden for the 2024-2025 tax year.

5. Frequently Asked Questions (FAQ)

Q1: Are there deductions not accounted for?
A: Yes, this is a simplified calculator that doesn't account for deductions, credits, or other tax situations.

Q2: Is this calculator specific to Pakistani residents?
A: While the calculations are the same for all NYS residents, this calculator provides information relevant to Pakistani tax residents.

Q3: How accurate is this calculator?
A: It provides estimates based on standard tax brackets. Your actual tax liability may differ based on your specific situation.

Q4: What about New York City taxes?
A: This calculator doesn't include NYC local taxes which would apply if you live or work in NYC.

Q5: When are taxes due in NYS?
A: The tax year runs January-December with filings typically due April 15 of the following year.