🎧 Listen to This Article
New York State is home to some of the highest income tax rates in the United States. For the 2024 tax year (returns filed in 2025), the state continues its progressive structure with nine tax brackets ranging from 4% to 10.9%. The amount of tax you owe is influenced not just by income but also by your filing status, residency classification, and eligibility for deductions or credits. New York City and Yonkers residents should also account for local income taxes.
Key Takeaways
- Tax Rates: Nine brackets, from 4% up to 10.9%.
- Supplemental Tax: High earners (AGI over $107,650) face additional tax complexities.
- Local Taxes: NYC and Yonkers residents pay additional local income taxes.
- Inflation Relief: Up to $400 in refund checks coming in October 2025.
- Filing Deadline: April 15, 2025; extension filers have until October 15, 2025.
New York State Income Tax Brackets (2024)
Here are the state income tax brackets for 2024. These apply to income earned in 2024 and reported on returns filed by April 15, 2025.
Single Filers and Married Filing Separately
- 4%: $0–$8,500
- 4.5%: $8,501–$11,700
- 5.25%: $11,701–$13,900
- 5.5%: $13,901–$80,650
- 6%: $80,651–$215,400
- 6.85%: $215,401–$1,077,550
- 9.65%: $1,077,551–$5,000,000
- 10.3%: $5,000,001–$25,000,000
- 10.9%: $25,000,001 and above
Married Filing Jointly and Surviving Spouses
- 4%: $0–$17,150
- 10.9%: $25,000,001 and above (Same bracket structure with income thresholds roughly doubled from single filers.)
Head of Household
- Brackets fall between the single and joint thresholds, topping at 10.9% for income over $25 million.
Note: If your taxable income is below $65,000, use NY’s tax tables rather than bracket calculations.
Supplemental Tax for High Earners In 2021, New York reinstated a supplemental tax for individuals with AGI over $107,650. This “recapture tax” may lead to an effective flat tax rate for high-income earners, as it essentially eliminates the benefits of lower tax brackets by requiring taxpayers to add back those savings.
Pro Tip: Use reputable tax software or a tax professional to ensure accurate computation using the NY supplemental tax worksheets.
Inflation Relief Refunds: 2025 As part of a $254 billion state spending plan, approximately 8 million New Yorkers will receive inflation refund checks ranging from $150 to $400 starting mid-October 2025.
- Eligibility: 2023 NY AGI of $300,000 or less (joint) or $150,000 or less (single).
- Amount: Depends on income and filing status.
Standard Deductions (2024)
- Single: $8,000
- Married Filing Jointly: $16,050
- Head of Household: $11,200
- Dependent Single Filers: $3,100
Residency Classifications and Filing Requirements
Resident: Taxed on all worldwide income. Generally, you’re a resident if New York is your domicile or if you spent 184+ days in the state.
- File: Form IT-201
Part-Year Resident: Taxed on all income earned during residency plus NY-sourced income while non-resident.
- File: Form IT-203
Nonresident: Taxed only on NY-sourced income.
- File: Form IT-203
- Includes: wages from NY employment, rental income, business profits, and real estate transactions.
New York City Income Tax (2024) In addition to state taxes, NYC residents face city income taxes:
- Single/Separate: 3.078% to 3.876% for incomes over $50,000
- Joint Filers: Same rates, starting thresholds double those of singles
- Head of Household: Middle tier thresholds
When and How to File
- Deadline: April 15, 2025
- Extension: Until October 15, 2025 (for filing only—not payment)
- Software: Many taxpayers can file for free through IRS Direct File or NY Free File.
Other Considerations
- Refund Tracking: Check your status online through NY’s tax department portal.
- Payment Plans: Available for balances up to $20,000 (3-year repayment term).
- Offer in Compromise: May allow settlement for less than owed if you qualify.
Navigating New York’s intricate tax code requires careful attention to detail, especially for high earners and those with multistate incomes. Whether you use software or hire a professional, understanding your brackets, deductions, and residency status is critical to optimizing your tax outcome.
For further details, clarification, contributions, or any concerns regarding this article, please get in touch with us at editorial@tax.news. We value your feedback and are committed to providing accurate and timely information. Please note that our privacy policy will handle all inquiries.
