TAXES 17-07, New York State Income Tax Withholding

TAXES 17-07, New York State Income Tax Withholding

Published: March 9, 2017
Effective: Pay Period 06, 2017

Summary

The income tax withholdings for the State of New York will change as follows:

No action on the part of the employee or the personnel office is necessary.

Tax Formula

State Abbreviation:

NY

State Tax Withholding State Code:

36

Acceptable Exemption Form:

IT-2014 or W-4

Basis for Withholding:

State Exemptions

Acceptable Exemption Data:

S/M, Number of Exemptions

TSP Deferred:

Yes

Special Coding:

None

Additional Information:

None

Withholding Formula (Effective Pay Period 06, 2017)

  1. Subtract the nontaxable biweekly Thrift Savings Plan contribution from the gross biweekly wages.
  2. Subtract the nontaxable biweekly Federal Health Benefits Plan payments(s) (includes dental and vision insurance program and Flexible Spending Account - health care and dependent care deductions) from the amount computed in step 1.
  3. Add the taxable biweekly fringe benefits (i.e, taxable life insurance) to the amount computed in step 2 to obtain the adjusted gross biweekly wages.
  4. Multiply the adjusted gross biweekly wages by 26 to obtain the annual wages.
  5. Determine the standard deduction allowance by applying the following guideline and subtract this amount from the annual wages:

    Single/Head of Household

    Married

    $7,400

    $7,950

  6. Determine the exemption allowance by applying the following guideline and subtract this amount from the result of step 5 to obtain the taxable income:

    Exemption Allowance = $1,000 x Number of Exemptions

  7. Apply the taxable income computed in step 6 to the following table(s) to determine the annual New York tax withholding:

    Single or Head of Household Tax Withholding Table

    If the Amount of Taxable Income Is:

    The Amount of New York Tax Withholding Should Be:

    Over $0 but not over $8,500

    4.00%

    Over $8,500 but not over $11,700

    $340.00 plus 4.50% of excess over $8,500

    Over $11,700 but not over $13,900

    $484.00 plus 5.25% of excess over $11,700

    Over $13,900 but not over $21,400

    $600.00 plus 5.90% of excess over $13,900

    Over $21,400 but not over $80,650

    $1,042.00 plus 6.45% of excess over $21,400

    Over $80,650 but not over $96,800

    $4,864.00 plus 6.65% of excess over $80,650

    Over $96,800 but not over $107,650

    $5,938.00 plus 7.58% of excess over $96,800

    Over $107,650 but not over $161,550

    $6,760.00 plus 8.08% of excess over $107,650

    Over $161,550 but not over $215,400

    $11,115.00 plus 7.15% of excess over $161,550

    Over $215,400 but not over $269,300

    $14,965.00 plus 8.15% of excess over $215,400

    Over $269,300 but not over $1,077,550

    $19,358.00 plus 7.35% of excess over $269,300

    Over $1,077,550 but not over $1,131,500

    $78,765.00 plus 49.02% of excess over $1,077,550

    Over $1,131,500

    $105,211.00 plus 9.62% of excess over $1,131,500

    Married Tax Withholding Table

    If the Amount of Taxable Income Is:

    The Amount of New York Tax Withholding Should Be:

    Over $0 but not over $8,500

    4.00%

    Over $8,500 but not over $11,700

    $340.00 plus 4.50% of excess over $8,500

    Over $11,700 but not over $13,900

    $484.00 plus 5.25% of excess over $11,700

    Over $13,900 but not over $21,400

    $600.00 plus 5.90% of excess over $13,900

    Over $21,400 but not over $80,650

    $1,042.00 plus 6.45% of excess over $21,400

    Over $80,650 but not over $96,800

    $4,864.00 plus 6.65% of excess over $80,650

    Over $96,800 but not over $107,650

    $5,938.00 plus 7.28% of excess over $96,800

    Over $107,650 but not over $161,550

    $6,727.00 plus 7.78% of excess over $107,650

    Over $161,550 but not over $215,400

    $10,921.00 plus 8.08% of excess over $161,550

    Over $215,400 but not over $323,200

    $15,272.00 plus 7.15% of excess over $215,400

    Over $323,200 but not over $377,100

    $22,980.00 plus 8.15% of excess over $323,200

    Over $377,100 but not over $1,077,550

    $27,373.00 plus 7.35% of excess over $377,100

    Over $1,077,550 but not over $2,155,350

    $78,856.00 plus 7.65% of excess over $1,077,550

    Over $2,155,350 but not over $2,209,300

    $161,307.00 plus 88.42% of excess over $2,155,350

    Over $2,209,300

    $209,010.00 plus 9.62% over $2,209,300

  8. Divide the annual New York tax withholding calculated in step 7 by 26 to obtain the biweekly New York tax withholding.

Resources

To view the updated tax formula, go to the HR and Payroll Clients page from the MyNFC drop-down menu on the National Finance Center (NFC) homepage. Select the Publications tab in the center ribbon. Select U.S. Income Tax Formulas from the Publication menu to launch the tax map. Select the desired State from the map provided for the formula.

Inquiries

For questions about NFC processing, authorized Servicing Personnel Office representatives should contact the NFC Contact Center at 1-855-NFC-4GOV (1-855-632-4468) or via the Internet using the Requester Console.