The New York Department of Taxation and Finance has revised wage bracket tables and calculation method publications to reflect legislative income tax rate changes for payrolls made on or after January 1, 2023.
For the New York State, wage bracket tables and exact calculation methods, employers may visit Publication NYS-50-T-NYS (1/23), New York State Withholding Tax Tables and Methods.
For the Yonkers, wage bracket tables and exact calculation methods, employers may visit Publication NYS-50-T-Y (1/23), Yonkers Withholding Tax Tables and Methods.
Notably, there were no changes to the New York City (NYC) resident wage bracket tables and exact calculation methods. As such, employers with NYC residents should continue to use Publication NYS-50-T-NYC (1/18), New York City Withholding Tax Tables and Methods.
Next Steps for Employers
Employers must use the withholding tax tables and methods in these revised publications to compute the amount of New York State and Yonkers personal income taxes to be withheld from employees’ wages. Employers should confirm with their payroll processor that the correct withholding rates have been setup in their payroll system.