New York Tax Guide 2026

New York Income Tax Overview

New York has a Up to 10.9% state + NYC adds 3.876% local. When combined with federal income tax and FICA taxes, New York residents in the median income range of $74,314 typically face a combined effective tax rate of approximately 34% on their gross income. The state income tax is calculated on taxable income after the federal standard deduction of $16,100 (single) or $32,200 (married filing jointly) for 2026.

New York Sales Tax Rate 2026

New York's combined sales tax rate is 8.54%, which includes a state rate plus an average local rate. On a $100 purchase, you pay $8.54 in sales tax — and $42.70 on a $500 purchase. Rates can vary within the state based on county and city jurisdiction.

Property Taxes in New York

New York homeowners pay an effective property tax rate of 1.45% annually. On the New York median home price of $420,000, that means approximately $6,090 per year — or $508 added to your monthly mortgage payment. New York's property tax rate is near the national average of 1.07%.

Total Tax Burden for New York Residents

When calculating the total tax burden for a New York household earning $74,314 annually, you must add: federal income tax (approximately $8,918), FICA taxes (7.65% = $5,685), New York state income tax (approximately $5,670), and property taxes if you own a home. Use the specific calculators above to get your exact personalized numbers based on your income, filing status, and situation.

Tax Tips for New York Residents in 2026

• Maximize your 401(k) to $24,500 — reduces both federal AND New York state income tax
• HSA contributions are deductible from both federal and state income tax in New York
• Check if New York has its own standard deduction (some states have lower amounts than federal)
• The 2026 OBBBA tip and overtime deductions apply at federal level — check New York conformity