New York City Income Tax: What Living in NYC Costs Your Paycheck
From PaycheckZip · 7:27
Show by PaycheckZip
Live in New York City on $75,000 and your paycheck has a city resident tax line of about $95 every two weeks, about $2,472 a year, on top of New York State tax. We walk through the pay stub, what the line costs at $50,000, $100,000 and $150,000, why commuters don't pay it, how Yonkers taxes both residents and commuters, and how Philadelphia's wage tax compares. Run your own numbers free: https://paycheckzip.com/nyc-paycheck-calculator Every state's paycheck calculator: https://paycheckzip.com Chapters 0:00 Cold Open 0:17 Welcome 1:05 The New York City Stub 1:43 On Top, Not Instead 2:33 Every Borough, One Rate 3:01 What It Costs at Other Salaries 3:40 Commuters Don't Pay It 4:29 Yonkers Does It Differently 5:11 Other Cities That Tax Wages 5:49 What to Check on Your Stub 6:23 Recap 7:01 Outro How these numbers were made: PaycheckZip's calculator with 2026 IRS Publication 15-T withholding and each state's 2026 rules. Single filer, $75,000 salary unless the video says otherwise, paid every two weeks, blank 2020 W-4 and IT-2104; 2026 federal, New York State, New York City, Yonkers and Philadelphia withholding from PaycheckZip's engine. City rates as of October 2026 (NYC and Yonkers: NY Department of Taxation and Finance; Philadelphia: rates effective July 1, 2026, phila.gov). Estimates, not tax advice. Estimates for education, not tax or legal advice. There's a video version of this episode on the PaycheckZip YouTube channel, with every pay stub line on screen. Narration is AI-generated (Kokoro TTS). Music "Friday Morning" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 4.0 License http://creativecommons.org/licenses/by/4.0/ "Fresh Air" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 4.0 License http://creativecommons.org/licenses/by/4.0/ "Reminiscing" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 4.0 License http://creativecommons.org/licenses/by/4.0/ "Carefree" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 4.0 License http://creativecommons.org/licenses/by/4.0/ "Almost Bliss" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 4.0 License http://creativecommons.org/licenses/by/4.0/
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