1. What is This Calculator?

This calculator estimates taxes for Pakistani professionals working in New York for 2024-2025. It calculates Federal Tax, New York State Tax, New York City Tax (if applicable), and FICA taxes.

2. How Taxes Are Calculated

The calculator uses progressive tax brackets for each tax component:

Where:

• Federal Tax — Uses IRS 2024 brackets based on filing status
• NY State Tax — New York State progressive tax rates
• NY City Tax — Only for NYC residents, additional local tax
• FICA — Social Security (6.2% up to $168,600) + Medicare (1.45% + 0.9% over $200k)

3. Tax Components Explained

Details: The calculator accounts for all major tax obligations for Pakistani professionals working in New York, including federal and local taxes.

4. Using the Calculator

Tips: Enter your annual salary in USD, select your filing status (single, married, or head of household), and indicate if you're a NYC resident. The calculator will estimate your tax breakdown.

5. Frequently Asked Questions (FAQ)

Q1: Are these tax rates accurate for Pakistani citizens?
A: Yes, these are standard US tax rates applied to all workers regardless of nationality.

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

Q3: Are there any tax treaties between US and Pakistan?
A: Currently, there is no comprehensive tax treaty between US and Pakistan that affects employment income.

Q4: Can I claim tax deductions?
A: This calculator provides estimates without deductions. Actual tax may be lower with deductions.

Q5: Is this calculator official?
A: This is an estimation tool. For official tax calculations, consult a tax professional.