TAXES 16-19, New York State Income Tax Withholding
Published: March 25, 2016
Effective: Pay Period 06, 2016
Summary
The income tax withholding formula for the State of New York will include the following changes:
- The Single standard deduction will increase from $7,350 to $7,400.
- The Married standard deduction will increase from $7,850 to $7,900.
- The Single and Married withholding tables will increase.
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, 2016)
- Subtract the nontaxable biweekly Thrift Savings Plan contribution from the gross biweekly wages.
- 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.
- 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.
- Multiply the adjusted gross biweekly wages by 26 to obtain the annual wages.
- 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
$7,900
- 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
- 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 $8,450
$0 plus 4.0% of excess over $0
Over $8,450 but not over $11,650
$338 plus 4.50% of excess over $8,450
Over $11,650 but not over $13,850
$482 plus 5.25% of excess over $11,650
Over $13,850 but not over $21,300
$598 plus 5.90% of excess over $13,850
Over $21,300 but not over $80,150
$1,037 plus 6.45% of excess over $21,300
Over $80,150 but not over $96,200
$4,833 plus 6.65% of excess over $80,150
Over $96,200 but not over $106,950
$5,900 plus 7.58% of excess over $96,200
Over $106,950 but not over $160,500
$6,715 plus 8.08% of excess over $106,950
Over $160,500 but not over $214,000
$11,042 plus 7.15% of excess over $160,500
Over $214,000 but not over $267,500
$14,867 plus 8.15% of excess over $214,000
Over $267,500 but not over $1,070,350
$19,227 plus 7.35% of excess over $267,500
Over $1,070,350 but not over $1,123,950
$78,237 plus 49.02% of excess over $1,070,350
Over $1,123,950
$104,512 plus 9.62% of excess over $1,123,950
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 $8,450
$0 plus 4.0% of excess over $0
Over $8,450 but not over $11,650
$338 plus 4.50% of excess over $8,450
Over $11,650 but not over $13,850
$482 plus 5.25% of excess over $11,650
Over $13,850 but not over $21,300
$598 plus 5.90% of excess over $13,850
Over $21,300 but not over $80,150
$1,037 plus 6.45% of excess over $21,300
Over $80,150 but not over $96,200
$4,833 plus 6.65% of excess over $80,150
Over $96,200 but not over $106,950
$5,900 plus 7.28% of excess over $96,200
Over $106,950 but not over $160,500
$6,683 plus 7.78% of excess over $106,950
Over $160,500 but not over $214,000
$10,849 plus 8.08% of excess over $160,500
Over $214,000 but not over $321,050
$15,172 plus 7.15% of excess over $214,000
Over $321,050 but not over $374,600
$22,826 plus 8.15% of excess over $321,050
Over $374,600 but not over $1,070,350
$27,190 plus 7.35% of excess over $374,600
Over $1,070,350 but not over $2,140,900
$78,328 plus 7.65% of excess over $1,070,350
Over $2,140,900 but not over $2,194,500
$160,225 plus 88.42% of excess over $2,140,900
Over $2,194,500
$207,618 plus 9.62% of excess over $2,194,500
- Divide the annual New York tax withholding by 26 to obtain the biweekly New York tax withholding.
Additional Resources
To view the updated tax formula, go to the HR and Payroll Clients page from the MyNFC drop-down menu on the NFC homepage. Click the Publications tab in the center ribbon. Select U.S. Income Tax Formulas from the Publication menu to launch the tax map. Click 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.