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New York Taxes 2014

New York’s Tax Guide

New York's state income tax ranges from 4% to 8.97% spread over seven income brackets. The New York tax guide can be separated into following categories:

New York Tax Guide of Personal Income Tax

New York accumulates state income taxes facilitating a progressive, seven-bracket strategy. The single taxpayers are liable to pay the taxes ranging from 4% on the first $8,000 taxable income to 8.97% on income of more than $500,000.

For married pairs to file joint returns the rates are the same but the income ranges gets double.

New York Tax Guide of Sales Taxes

New York's additional sales and use tax rate of 0.25% has expired on June 2005, converting the state's tax rate back to 4%. There are several types of property and services that comes under sales tax within New York.

New York Tax Guide of Personal and Real Property Taxes

Tax on real property is based on the value of the property in New York. Cities, counties, towns, school districts and special districts fund money in the form of real property tax for local services. The value of particular property's tax is ascertained by the property's taxable valuation and the tax rates of the area in which the property is located.

New York State law instructs that each property in most municipalities be evaluated at a similar percentage of value. This percentage may span from 5% to 50% or any rate which may go up to 100%. New York citizens can be eligible to claim the real property tax credit for property owners and renters.

New York Tax Guide Inheritance and Estate Taxes

New York does not impose any inheritance tax. New York has discontinued estate tax’s link to the federal estate tax, which is being eliminated. This says that New York estate tax will usually exceed the limited federal credit for state death taxes. For deaths on or post January 1, 2004, the estate should file a New York State estate tax return, provided some conditions are satisfied.

Other New York Tax Facts

At New York's taxpayers can access and pay tax bills, along with estimated taxes, view and settle estimated income tax accounts; file no-tax-due return; and can upload wage reporting as well. In addition, New York taxpayers can also access the status of their refunds by facilitating the online refund tracker of New York State Department of Taxation and Finance.

Prior Year New York Income Tax Forms Long Form "IT 201" & Short Form "IT 150"

2006 2007 2008 2009 2010

Where to Mail FEDERAL IRS Tax Forms Within New York:

IRS Form If You ARE NOT Enclosing a Payment, Use This Address: If You ARE Enclosing a Payment, Use This Address:
1040: Department of the Treasury
Internal Revenue Service
Kansas City, MO  64999-0002
Internal Revenue Service
P.O. Box 37008
Hartford, CT 06176-0008
1040A: Department of the Treasury
Internal Revenue Service
Kansas City, MO 64999-0015
Internal Revenue Service
P.O. Box 37008
Hartford, CT 06176-0008
1040EZ: Department of the Treasury
Internal Revenue Service
Kansas City, MO 64999-0014
Internal Revenue Service
P.O. Box 37008
Hartford, CT 06176-0008

New York Tax Help

1-800-225-5829

Hearing Impaired:
TTD 1-800-634-2110

Where's My Refund?
1-800-443-3200

Forms Ordering:
1-800-462-8100

 


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