New York (NY) Tax Rates — 2026

Income Tax

Type: Graduated (marginal brackets)

From	To	Rate
$0	$8,500	4%
$8,500	$11,700	4.5%
$11,700	$13,900	5.25%
$13,900	$80,650	5.5%
$80,650	$215,400	6%
$215,400	$1,077,550	6.85%
$1,077,550	$5,000,000	9.65%
$5,000,000	$25,000,000	10.3%
$25,000,000	and above	10.9%

Standard Deduction: Single: $8,000 | Married Filing Jointly: $16,050

Sales Tax

Groceries: Exempt

+1.96% vs national avg

Property Tax

+0.55% vs national avg (1.07%)

Retirement Income Tax

Estate & Inheritance Tax

Has Estate Tax: YES

Corporate Tax

Corporate Income Tax Rate: 7.25%

Additional Notes

New York has one of the highest combined tax burdens. NYC residents pay an additional local income tax of 3.078%-3.876%. Government pensions (federal, state, local, military) are fully exempt. Private pension/IRA income has a $20,000 exclusion for those age 59.5+.