This calculator provides estimates based on 2025 federal tax rates and 2026 New York State tax rates including the middle-class tax cuts (0.1% reduction in five lowest brackets). NYC local tax rates and Yonkers tax calculations are current as of 2025.
Multiple Tax Jurisdictions: New York taxpayers may be subject to multiple layers of taxation. NYC residents pay federal, state, and city income tax. Yonkers residents pay 16.75% of their state tax liability. Non-residents working in Yonkers pay 0.5% on wages earned there. Self-employed individuals in MCTD areas pay an additional 0.34% on income over $150,000.
Tax Credits: The calculator includes the Empire State Child Credit (up to $1,000 per child under 4, $500 per child ages 4-16) and the one-time 2025 Inflation Refund Credit ($300-$400). Income limits apply to both credits.
For Estimation Purposes Only: Actual tax liability may differ based on your complete financial situation. This tool does not account for all deductions, credits, the STAR property tax credit, Alternative Minimum Tax (AMT), or other specialized tax situations.
Professional Advice: For complex tax situations involving multiple states, high income levels, or detailed tax planning, consult a qualified tax professional or CPA familiar with New York tax law.
Tax rates based on official IRS and New York State Department of Taxation and Finance publications. Verify current rates at IRS.gov and tax.ny.gov. NYC tax information: nyc.gov.
