1. What is NY Tax Calculator?

This calculator helps Pakistani users estimate their take-home pay after taxes when working in New York. It calculates federal tax, New York state tax, New York City tax (if applicable), and FICA contributions.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• Federal Tax — Based on IRS tax brackets and filing status
• NY State Tax — Based on New York state tax rates
• NY City Tax — Additional tax for NYC residents (approx. 3-4%)
• FICA — Social Security (6.2%) and Medicare (1.45%) taxes

3. Tax Components Explained

Federal Tax: Progressive tax based on income and filing status (single, married, etc.)
NY State Tax: Progressive tax ranging from 4% to 10.9%
NY City Tax: Additional tax for NYC residents (not applicable outside NYC)
FICA: Mandatory payroll taxes for Social Security and Medicare

4. Using the Calculator

Tips: Enter your annual salary in USD, select your filing status, and indicate if you're a NYC resident. The calculator will estimate your tax burden and net pay.

5. Frequently Asked Questions (FAQ)

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

Q2: Do I pay NYC tax if I work in NYC but live elsewhere?
A: Generally no - NYC tax only applies to residents, but there are exceptions for certain non-residents working in NYC.

Q3: What about state tax if I live in NJ but work in NY?
A: You would pay NY state tax on NY-source income but may get credit from NJ. This calculator doesn't cover that scenario.

Q4: Are there deductions not accounted for here?
A: Yes, this is a simplified calculator that doesn't account for deductions, credits, or special circumstances.

Q5: How accurate is this calculator?
A: It provides estimates based on standard tax rates. For precise calculations, consult a tax professional.