Manhattan Income Tax Calculator

Manhattan Income Tax Calculator

Creating a table to outline Manhattan’s income tax requires a breakdown of the tax rates, income brackets, and additional information relevant to individuals, businesses, or both. However, Manhattan does not have its own income tax; income taxes in Manhattan (New York City) are levied at the state and city level:

1. New York State Income Tax – progressive rates applied to all New York State residents.
2. New York City Income Tax – an additional tax on top of the state tax specifically for residents of New York City.

Here’s a table summarizing the income tax structure relevant to Manhattan residents:

Taxing Authority	Tax Type	Income Brackets	Tax Rate	Applies To	Deductions & Credits
New York State	State Income Tax	– Up to $8,500	4%	All NYS residents	Standard/Itemized Deductions
		– $8,501 to $11,700	4.5%		Child Tax Credit, Earned Income Credit
		– $11,701 to $13,900	5.25%
		– $13,901 to $21,400	5.9%
		– $21,401 to $80,650	5.97%
		– $80,651 to $215,400	6.33%
		– $215,401 to $1,077,550	6.85%
		– Over $1,077,550	8.82%
New York City	City Income Tax	– Up to $12,000	3.078%	NYC residents	NYC School Tax Credit
		– $12,001 to $25,000	3.762%		Earned Income Credit
		– $25,001 to $50,000	3.819%
		– Over $50,000	3.876%

Additional Notes:

• Filing Requirements: Manhattan residents must file both New York State and New York City income taxes.
• Credits Available: Certain credits apply to both New York State and New York City income taxes, such as the Earned Income Tax Credit (EITC) and Child Tax Credit.
• New York City School Tax Credit: A unique credit available for NYC residents, which varies based on income level.

This structure is meant to provide an overview and may vary year to year based on policy changes and adjustments to tax brackets. Let me know if you’d like further details on specific deductions, credits, or examples of tax calculations for various income levels.