NYC Paycheck Calculator
Instantly calculate your take-home pay after federal, New York State, and NYC taxes.
Assumptions: W-2 employee, standard deduction, no dependents or special credits.
Your Estimated Paycheck
How NYC Paychecks Are Taxed
Understanding the deductions from your gross pay is key. Here’s a simple breakdown.
Federal Income Tax
This is a progressive tax paid to the U.S. government. The more you earn, the higher your tax rate on each additional dollar. The amount withheld depends on your income, filing status, and pay frequency.
FICA (Federal Insurance Contributions Act)
FICA consists of two separate taxes: Social Security and Medicare. Social Security is 6.2% on income up to an annual limit, while Medicare is 1.45% on all earnings. Your employer matches these contributions.
New York State Income Tax
Like the federal system, New York State has its own progressive income tax. Rates range from 4% to 10.9% depending on your income level. This is a significant portion of the taxes withheld from your paycheck as a NY resident.
New York City Income Tax
In addition to federal and state taxes, residents of the five boroughs pay a local income tax. NYC's tax rates are also progressive, ranging from 3.078% to 3.876%. This local tax is a primary reason take-home pay in NYC can feel lower than in other places.
Frequently Asked Questions
Quick answers to common questions about your NYC paycheck.
The main reason is the New York City (NYC) local income tax, which is levied in addition to federal and New York State taxes. Most other cities in the U.S. do not have a local income tax, making the total tax burden in NYC higher.
Yes. If you live in one of the five boroughs (Manhattan, Brooklyn, Queens, The Bronx, or Staten Island), you are subject to the NYC local income tax. This is on top of your state and federal tax obligations.
This calculator provides a strong estimate based on standard tax brackets and deductions for 2024. However, it does not account for individual circumstances like dependents, itemized deductions, or special tax credits. It's designed for informational purposes, not as a replacement for professional tax advice.
Yes, you can account for them using the "Pre-Tax Deductions" field. Enter the total amount per paycheck that you contribute to plans like a 401(k), traditional IRA, or health savings account (HSA). These deductions lower your taxable income.
Absolutely. It's a great tool for understanding the real-world difference in take-home pay between two salary offers in NYC. A seemingly large salary difference can be smaller after NYC's high tax rates are factored in.