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New York State Tax Help and Forms (Subscribe)

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New York tax help, forms and answers to thousands of New York tax questions. Handy summary of all New York taxes, including corporate and individual New York income taxes, credits, exemptions, deductions and more. Includes New York estate, gift and inheritance tax, miscellaneous New York taxes, pass-through entity treatment, payroll taxes, property taxes and New York sales & use taxes.

New York ranks #49 on the State Business Tax Climate Index (TaxFoundation.org).

New York State Tax Summary (TaxGrams ™)
Corporate Taxes
   Rates & Brackets:
      7.1%> $0
   Loss Carry-back/fwd: 2 Years Back ($10,000 max.) / 20 Years Forward (Unlimited)
   Throwback Sales?: N
   Foreign Tax Deductible?: N
   Alternative Minimum Tax (AMT): Y
   Gross Receipts Tax: N
   Capital Stock (Net Worth) Tax?: 0.150% ($10,000,000 max.)

Credits and Incentives
   Job Credits?: Y
   R&D Credits?: Y
   Investment Credits?: Y

Individual Taxes
   Rates & Brackets:
      4%> $0
      4.5%> $8,000
      5.25%> $11,000
      5.9%> $13,000
      6.85%> $20,000
      7.85%> $200,000
      8.97%> $500,000
   Local Option IT Rate: 1.70%
   Federal Inc used as Base?: Y
   Standard Deductions: Single $7,500 / Joint $15,000
   Personal Exemptions/Credits (c): Single N/A / Joint N/A / Dependent $1,000
   Federal Tax Deductible?: N
   State Tax Deductible?: Y
   Alternative Minimum Tax (AMT)?: Y

Inheritance, Gift, Estate, Death Taxes
   Gift Tax?: N
   Estate Tax?: Decoupled
   Inheritance Tax?: N
   Generation-Skipping Tax?: N

Miscellaneous Taxes
   Gas Tax: 33.2 cents/gallon
   Diesel Tax: 31.4 cents/gallon
   Cigarette Tax: 275.0 cents/20 pack

Pass-through Entities
   LLC Pass-through Recognized?: Y
   S-Corp Pass-through Recognized?: Partial

Payroll Taxes
   Unemployment Insurance Tax Index (TaxFoundation.org): #47

Property Taxes
   Median Tax Paid on Homes (Rank): $3,622 (#4)
   Median Value of Homes: $318,900
   Tax as % of Home Value (Rank): 1.14% (#17)
   Median Income of Homeowner: $76,409
   Tax as % of Income (Rank): 4.74% (#6)

Sales and Use Taxes
   State Rate: 4.0%
   County & City (Weighted Ave): 4.3%
   Combined State and Ave. Local Rates (Rank): 8.3% (#7)
   General Treatment of Services: Many Taxable
   Gas Exemption: Partial
   Grocery Exemption: Exempt

 
 

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New York City: Amnesty

Under the amnesty program, Finance will waive penalties and reduce interest for qualifying taxpayers. The amnesty, which is generally available for tax years or periods ending on or before December 31, 2001, includes the General Corporation Tax, the Unincorporated Business Tax, the Commercial Rent Tax and several other taxes. The amnesty does not include the real estate, personal income, or sales and use taxes.

http://www.nyc.gov/html/dof/html/txamn.html

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New York: Amnesty

The New York State Tax Amnesty application period ended January 31, 2003. Tax Amnesty applicants had until March 15, 2003, or the date specified on their tax amnesty bill (whichever was later) to make full payment.

http://www.tax.ny.gov/research/stats/statistics/special_interest_reports/amnesty/review_of_new_york_state%27s_2002-2003_amnesty_program.htm

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What's New: New York

The NYS Department of Taxation and Finance Subscription Service provides e-mail notification containing direct links to newly posted content on our Internet site. You may choose to receive content either on an "As Issued" or on a weekly ("Weekly Digest") basis.

https://www8.tax.ny.gov/SUBS/subHome.jsp

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