Free NY Paycheck Calculator

The salary calculator will help you automatically calculate your annual salary, weekly salary, and also the number of hours you work per week, the frequency of payments, the taxes of the different states where you are located, in addition to showing you the salary breakdown, it will also provide you with charts to access, all you need to do is to fill out the calculator below to get your answer.

All-in-One Paycheck Calculator

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Used to calculate yearly salary if only hourly wage is given How often you receive your paycheck Used to apply state income tax (default flat rate per state) % of income contributed to retirement savings (optional) Health, dental, or other deductions

How We Ensure Your Calculations Are Accurate at HnKey

Verified Data:In order to ensure that the accuracy of our calculations is our main priority, our team frequently checks the tax information, and policies of the IRS to review our calculations in a timely manner.

Regularly Updated:It is important to note that these data, not our guesses, come from official sources such as the IRS and state tax offices.

Disclaimer: This tool is for estimation purposes only and does not constitute financial advice. Please consult a qualified professional for personalized financial guidance.

Understanding your paycheck in New York involves navigating a complex landscape of federal, state, and local taxes, as well as other deductions that impact your take-home pay. This guide provides a clear explanation of the key components affecting your paycheck, how taxes are calculated, and official resources to ensure accuracy.

Federal Income Tax

Federal income tax is withheld from your paycheck based on your earnings, filing status, and the information provided on your Form W-4. The Internal Revenue Service (IRS) uses a progressive tax system, meaning higher earnings are taxed at higher rates. For 2025, federal tax brackets range from 10% to 37%, depending on your taxable income. The IRS provides detailed withholding tables to determine the amount deducted from each paycheck, factoring in allowances and adjustments you specify on your W- estimate your federal tax liability, you can refer to the IRS Tax Withholding Estimator.

New York State Income Tax

New York State imposes its own income tax, which is also progressive, with rates ranging from 4% to for 2025, depending on your income level and filing status. The New York State Department of Taxation and Finance oversees these calculations. Your employer withholds state taxes based on your W-4 and the state¡¯s withholding tables. Residents of New York City and Yonkers face additional local taxes, which are discussed below. For precise state tax calculations, consult the New York State tax tables.

New York City and Yonkers Local Taxes

If you live or work in New York City, you¡¯ll be subject to an additional city income tax, ranging from approximately to for 2025, depending on your income. Yonkers residents face a local income tax surcharge of of their net state tax. These local taxes are withheld by employers and calculated based on your residency and workplace location. The New York City Department of Finance provides further details on local tax obligations.

FICA Taxes (Social Security and Medicare)

FICA taxes fund Social Security and Medicare programs. For 2025, the Social Security tax rate is on income up to a cap of $168,600, while Medicare is on all earnings, with an additional surcharge for high earners (above $200,000 for single filers or $250,000 for married filing jointly). These taxes are split equally between employee and employer, meaning you pay total (or if the additional Medicare tax applies). The Social Security Administration updates these limits annually.

Other Deductions

Beyond taxes, your paycheck may reflect deductions for health insurance premiums, retirement contributions (e.g., 401(k) or pension plans), and other benefits like commuter programs or union dues. These vary by employer and your elections. Some deductions, like pre-tax contributions to retirement or health savings accounts, can lower your taxable income, reducing your overall tax burden.

How Paycheck Calculations Work

Your employer calculates withholdings based on your gross pay, filing status, and allowances claimed on your W- pay includes your salary or hourly wages, bonuses, and overtime. After applying federal, state, and local tax rates, along with FICA and other deductions, your net pay (take-home amount) is determined. For accuracy, use official withholding tables or a reliable paycheck calculator tailored to New York¡¯s tax rules. Regularly updating your W-4 ensures withholdings align with your financial situation, preventing under- or over-withholding.

Official Resources for Accuracy

To verify your paycheck calculations or adjust withholdings, consult the following authoritative sources:

Using these resources, you can better understand your paycheck and ensure compliance with tax obligations. For a hands-on approach, try our New York paycheck calculator to estimate your take-home pay based on your specific income and deductions.

The above information is reviewed by our team of tax experts, all of them have an average of about 10 years of experience in the U.S. tax, if you have any questions, you can submit the form to us, our experts will be within 24 hours, reply to you.

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