1. What is the New York Salary Tax Calculator?

This calculator estimates your net pay after accounting for federal taxes, New York state taxes, New York City taxes (if applicable), and FICA contributions (Social Security and Medicare).

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• Gross Pay — Your annual salary before taxes
• Federal Tax — Calculated based on IRS tax brackets and your filing status
• New York State Tax — Calculated based on NY state tax brackets
• New York City Tax — Only applies to NYC residents (approx. 3-4% of income)
• FICA — Social Security (6.2% up to wage base) + Medicare (1.45%)

3. Understanding New York Taxes

Details: New York has progressive state income taxes, with rates ranging from 4% to 8.82%. NYC residents pay additional local income taxes. Federal taxes follow IRS brackets, and FICA is fixed for Social Security and Medicare.

4. Using the Calculator

Tips: Enter your gross annual salary, select your filing status, and indicate whether you're an NYC resident. The calculator will estimate all applicable taxes and your final take-home pay.

5. Frequently Asked Questions (FAQ)

Q1: Are these tax calculations exact?
A: This provides estimates. Actual taxes may vary based on deductions, credits, and exact tax brackets.

Q2: What's the difference between state and city taxes?
A: New York State taxes apply to all NY residents, while NYC taxes only apply to city residents.

Q3: Why is FICA separate from income tax?
A: FICA funds Social Security and Medicare programs and is calculated separately from income taxes.

Q4: How often should I recalculate?
A: Recalculate whenever your salary changes or at least annually as tax brackets adjust.

Q5: Are bonuses included in gross pay?
A: Yes, include all taxable compensation in your gross pay calculation.