New York State Tax Guide

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last updated 1 May 2023

If you live in (or are considering moving to) New York, consider how New York state tax could impact your overall financial burden. New York is known for its high cost of living, and the tax burden plays a significant role in what it costs New Yorkers to live there.

Overall, New York's income tax rates, property taxes, and sales tax make it one of the highest-taxed states in the U.S., but it is not without its perks.

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Header Cell - Column 0	Header Cell - Column 1
$8,500 or less	4% of taxable income
$8,501 to $11,700	$340 plus 4.5% of income over $8,500
$11,701 to $13,900	$484 plus 5.25% of income over $11,700
$13,901 to $80,650	$600 plus 5.85% of income over $13,900
$80,651 to $215,400	$4,504 plus 6.25% of income over $80,650
$215,401 to $1,077,550	$12,926 plus 6.85% of income over $215,400
$1,077,551 to $5,000,000	$71,984 plus 9.65% of income over $1,077,550
$5,000,001 to $25,000,000	$450,500 plus 10.3% of income over $5,000,000
More than $25,000,000	$2,510,500 plus 10.9% of income over $25,000,000

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Row 0 - Cell 0	Row 0 - Cell 1
$17,150 or less	4% of taxable income
$17,151 to $23,600	$686 plus 4.5% of income over $17,150
$23,601 to $27,900	$976 plus 5.25% of income over $23,600
$27,901 to $161,550	$1,202 plus 5.85% of income over $27,900
$161,551 to $323,200	$9,021 plus 6.25% of income over $161,550
$323,201 to $2,155,350	$19,124 plus 6.85% of income over $323,200
$2,155,351 to $5,000,000	$144,626 plus 9.65% of income over $2,155,350
$5,000,001 to $25,000,000	$419,135 plus 10.3% of income over $5,000,000
More than $25,000,000	$2,479,135 plus 10.9% of income over $25,000,000

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Row 0 - Cell 0	Row 0 - Cell 1
$12,800 or less	4% of taxable income
$12,801 to $17,650	$512 plus 4.5% of income over $12,800
$17,651 to $20,900	$730 plus 5.25% of income over $17,650
$20,901 to $107,650	$901 plus 5.85% of income over $20,900
$107,651 to $269,300	$5,976 plus 6.25% of income over $107,650
$269,301 to $1,616,450	$16,079 plus 6.85% of income over $269,300
$1,616,451 to $5,000,000	$108,359 plus 9.65% of income over $1,616,450
$5,000,001 to $25,000,000	$434,871 plus 10.3% of income over $5,000,000
More than $25,000,000	$2,494,871 plus 10.9% of income over $25,000,000

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Cigarettes and little cigars	$5.35 per pack ($6.85 in NYC)
Snuff	$2 per ounce ($2 for single container if under 1 ounce)
Cigars	75% of wholesale price
Vapor products	20% of retail price
Beer	$0.14 per gallon (additional $0.12 in NYC)
Wine	$30 per gallon
Liquor (more than 24% alcohol by volume)	$6.44 per gallon (additional $1 per gallon in NYC)
Liquor (under 24% alcohol by volume)	$2.54 per gallon
Marijuana	13% for personal use

Katelyn has more than 6 years’ experience working in tax and finance. While she specializes in tax content, Katelyn has also written for digital publications on topics including insurance, retirement and financial planning and has had financial advice commissioned by national print publications. She believes that knowledge is the key to success and enjoys helping others reach their goals by providing content that educates and informs.