1. What is the New York Tax Calculator?

This calculator estimates your total tax burden in New York for 2024-2025, including federal income tax, New York State tax, New York City tax (if applicable), and FICA taxes (Social Security and Medicare).

2. How Does the Calculator Work?

The calculator uses the following components:

• Federal Tax: Based on 2024 IRS tax brackets
• New York State Tax: Based on 2024 NY state tax brackets
• New York City Tax: Only applies to NYC residents
• FICA: Social Security (6.2% up to $168,600) and Medicare (1.45% + 0.9% for high earners)

3. Understanding New York Taxes

Details: New York has progressive state income tax rates that vary by filing status. NYC residents pay additional local income taxes. The calculator accounts for all these factors to provide an accurate estimate.

4. Using the Calculator

Tips: Enter your annual salary before taxes, select your filing status (single, married filing jointly, or head of household), and indicate whether you're a NYC resident. The calculator will estimate all applicable taxes.

5. Frequently Asked Questions (FAQ)

Q1: Why is my NYC tax showing zero?
A: The NYC ta