New York Taxes:
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The New York Tax Calculator estimates your total tax burden for 2025-2026, including federal, state, city (if applicable), and FICA taxes. It helps residents and workers in New York understand their take-home pay.
The calculator uses the following formula:
Where:
Details: New York has some of the highest combined tax rates in the nation, especially for NYC residents who pay state, city, and federal taxes.
Tips: Enter your annual income, select your filing status, and indicate whether you're an NYC resident. The calculator will estimate your total tax burden.
Q1: Are these tax rates final for 2025-2026?
A: Tax brackets are projected based on current law and inflation adjustments. Actual rates may change.
Q2: Do I pay NYC tax if I work in the city but live elsewhere?
A: Generally no, but some non-residents may owe NYC taxes if they meet certain criteria.
Q3: What's not included in this calculation?
A: Local taxes outside NYC, deductions, credits, AMT, and other special circumstances aren't included.
Q4: Why is FICA separate from income tax?
A: FICA funds Social Security and Medicare separately from general government revenue.
Q5: How accurate is this calculator?
A: It provides estimates based on standard scenarios. Consult a tax professional for precise calculations.