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).|
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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- Taxes/State and Local Taxes/Multistate State Tax Help and Forms
- Taxes/State and Local Taxes/State Tax Tools/State Tax FAQs/New York State Tax Questions and Answers
Links
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.
Includes recent decisions (2003 forward) of the New York's highest court.
http://www.courts.state.ny.us/reporter/slipidx/cidxtable.shtml
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.
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.
