New York Taxes

New York has a graduated personal income tax (Tax Law 601). For tax years beginning in 2026, rates run from 3.90% on the first slice of taxable income up to 10.90% on New York taxable income over $25,000,000 — among the highest top rates in the nation; the bracket thresholds differ for married couples filing jointly, heads of household and single filers (for a single filer, 3.90% applies to the first $8,500). For tax years beginning in 2027 through 2032 the statute lowers the bottom rate to 3.80% and trims other lower and middle brackets, while the top 10.90% rate stays. Separately, Tax Law 1301 lets a city of one million or more — New York City — impose its own personal income tax on its residents, so NYC residents pay city income tax on top of the state tax.

New York's fixed state taxes on motor fuel (gasoline) total 23.85 cents per gallon for January 1 – December 31, 2026: the Article 12-A motor fuel excise tax of 8.0 cents plus a 0.05-cent petroleum testing fee (8.05 cents), and the Article 13-A petroleum business tax of 15.8 cents (it was 16.5 cents in 2025; the petroleum business tax is adjusted every January 1). State and local sales taxes are also charged at the pump on top of these. No 2026 gas-tax suspension is in effect in New York. The 18.4-cent federal gasoline tax is extra.

New York does not hold a sales-tax holiday weekend. Instead, clothing and footwear sold for less than $110 per item or pair — plus fabric, thread, buttons and zippers used to make or repair such clothing — are exempt from the New York State 4% sales tax all year, however much you buy in total. The exemption does not automatically cover local sales taxes: a county or city charges its local rate on these items unless it has elected to provide the exemption, and the 3/8% Metropolitan Commuter Transportation District tax is exempt only in localities that elected it. Check DTF Publication 718-C for which localities exempt clothing and the rate where you shop. Athletic equipment such as helmets and pads, and items made with precious stones or jewels, are not covered. A county or city may change its election only effective March 1 of a year.

Levied locally in New York: local assessors set assessed values (final assessment rolls published in most towns July 1), and school districts and municipalities bill on that value — rates vary widely by locality. STAR and senior/veterans/disability exemptions can lower the bill; assessments can be contested (grievance, then small-claims review by July 31).