New York Tax Rate Changes
- Keyra Gomez
- Jan 5, 2023
- 1 min read
The New York State (NYS) and Yonkers personal income tax rate schedules have been revised for 2023 to reflect certain income tax rate reductions. The NYS and Yonkers withholding tax tables and methods have also been updated for 2023 and will apply to payrolls made on or after January 1, 2023. Employers in NYS can use Publication NYS-50-T-NYS to calculate withholding tax amounts for 2023, while employers in Yonkers can use Publication NYS-50-T-Y. Employers need to file and pay withholding tax on time and accurately report employee wage and withholding information to avoid penalties.
(Please review your actual rate on the publication as this is subject to adjustments based on income, filing status, and exemptions)
New York Tax Rate
New York State supplemental rate of 11.70% (.1170)
Yonkers Tax Rate
Yonkers Resident ............................ 1.95975% (.0195975)
Yonkers Nonresident ....................... 0.50% (.0050)
NOTE: There were no changes to the New York City resident wage bracket tables and exact calculation methods. Please continue to use Publication NYS-50-T-NYC (1/18), New York City Withholding Tax Tables and Methods.