Estimate your take-home pay in New York for 2026. The state levies income tax with a top rate of 10.9% (4% to 10.9% across 9 brackets). This means a portion of every paycheck goes toward state income tax in addition to federal withholding, Social Security, and Medicare.
New York Tax Snapshot
- State Income Tax
- 10.9% top rate
- Sales Tax (state + local avg)
- 8.53%
- Avg Property Tax Rate
- 1.62%
- Median Home Value
- $384,100
- State Minimum Wage
- $16.50/hr
Did You Know?
New York City residents face combined top income tax rates exceeding 14%.
How New York Taxes Affect Your Paycheck
When you earn a paycheck in New York, your employer withholds federal income tax, Social Security (6.2%), and Medicare (1.45%). On top of that, the state withholds income tax based on 4% to 10.9% across 9 brackets. The state minimum wage is $16.50 per hour, which sets the floor for hourly workers. Understanding these deductions helps you budget effectively and plan for the average 1.62% property tax rate on homes valued around $384,100.
New York also levies a combined state and average local sales tax of 8.53%, which affects your overall purchasing power. Factor this into your budget when calculating how far your paycheck stretches.