Effective for wages paid on or after January 1, 2023, the New York Department of Taxation and Finance (DTF) has issued revised state wage bracket and exact calculation method withholding tables. The state supplemental wage tax rate will remain 11.7% [DTF, Pub. NYS-50-T-NYS, New York State Withholding Tax Tables and Methods, rev. 1-23].
Also effective for wages paid on or after January 1, 2023, the DTF has issued revised city of Yonkers resident wage bracket and exact calculation method withholding tables. The Yonkers nonresident earnings tax rate (0.5% of wages earned) has not changed. The supplemental wage tax rate for a Yonkers resident will remain 1.95975%. For a Yonkers nonresident, the supplemental wage tax rate will remain 0.5% [DTF, Pub. NYS-50-T-Y, Yonkers Withholding Tax Tables and Methods, rev. 1-23].
Reasons for Changes
The New York and Yonkers withholding tables were revised to reflect certain personal income tax rate changes that were previously enacted. The withholding tables for New York City are unchanged (see Pub. NYS 50-T-NYC, New York City Withholding Tax Tables and Methods, rev. 1-18).
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Lia Coniglio, Esq., is Managing Editor of PayState Update and Senior Manager of State Payroll Information Resources for the APA.
