What are the New York state tax brackets for 2025? This question is a little early since the tax season doesn’t start till the end of next month. But it’s never too early or too late to develop an understanding of tax brackets and where they stand in any given year.
As per the most updated information on the state’s website, the tax brackets for single individuals filing their taxes or married individuals filing taxes separately are:
| Income Range | Tax | On Income Exceeding |
| $0 to $8,500 | 4% | – |
| $8,500 to $11,700 | 4.50% | $8,500 |
| $11,700 to $13,900 | 5.25% | $11,700 |
| $13,900 to $80,650 | 5.50% | $13,900 |
| $80,650 to $215,400 | 6% | $80,650 |
| $215,400 to $1,077,550 | 6.85% | $215,400 |
| $1,077,550 to $5 Million | 9.65% | $1,077,550 |
| $5 Million to $25 Million | 10.30% | $5,000,000 |
| Over $25 Million | 10.90% | $25,000,000 |
The brackets are slightly different for married couples, but the tax rate range is the same, from 4% to 10.9%. This state’s personal income tax brackets, particularly the highest three, are expected to remain constant through 2027.
These taxes have to be paid on income generated while someone has lived in New York or has generated income from New York, while living somewhere else. There are other local taxes as well, for New York City and Yonkers. While its not in the professional domain of a New York City broker, they may ask you to arrange for or produce these returns when buying a co-op.
Also Read: 4 Things First Time Homebuyers Should Know About In New York
