New York State tax

New york state tax refund :If you are expecting a tax refund from the state of New York, you can check the status of your refund by visiting the New York State Department of Taxation and Finance website. They provide an online tool where you can track the progress of your refund. Here’s how to do it:

1. Visit the New York State Tax Department Website: Go to the official website of the New York State Department of Taxation and Finance (https://www.tax.ny.gov/).
2. Select “Check Refund Status”: Look for an option or link on the website that allows you to check the status of your refund. It’s usually labeled something like “Check Refund Status” or “Where’s My Refund?”
3. Provide the Required Information: You will typically need to enter your Social Security Number (or ITIN), the amount of the refund you are expecting, and the filing status used on your tax return.
4. Submit the Information: After entering the required information, submit the form or request to check your refund status.
5. View Your Refund Status: The website will provide you with the current status of your refund. This status could indicate that your refund has been processed, is pending, or may require further review.

Keep in mind that it may take some time for your refund to be processed, and the exact processing time can vary depending on factors such as the filing method (e-filed or paper return) and the complexity of your tax return.

If you have specific questions about your New York State tax refund or encounter issues with the process, you can contact the New York State Department of Taxation and Finance directly for assistance. They will be able to provide you with personalized information and support related to your refund.

New york state tax rate : As of my last knowledge update in September 2021, New York State had a progressive income tax system with tax rates ranging from 4% to 8.82%. The tax rates were based on your filing status and income level. Here’s a general overview of the income tax rates for New York State as of that time:

• For Single Filers:
  • 4% on income up to $8,400
  • 4.5% on income between $8,401 and $11,600
  • 5.25% on income between $11,601 and $13,750
  • 5.9% on income between $13,751 and $21,150
  • 6.09% on income between $21,151 and $80,650
  • 6.41% on income between $80,651 and $215,400
  • 6.85% on income between $215,401 and $1,077,550
  • 8.82% on income over $1,077,550
• For Married Individuals Filing Jointly:
  • 4% on income up to $16,700
  • 4.5% on income between $16,701 and $23,200
  • 5.25% on income between $23,201 and $27,450
  • 5.9% on income between $27,451 and $42,450
  • 6.09% on income between $42,451 and $161,550
  • 6.41% on income between $161,551 and $323,200
  • 6.85% on income between $323,201 and $2,155,350
  • 8.82% on income over $2,155,350

Please note that these rates are subject to change, and the New York State legislature can modify them. Additionally, New York City imposes its own income tax on top of the state income tax for residents of the city.

For the most current and specific tax rate information, it’s essential to consult the New York State Department of Taxation and Finance website or seek advice from a tax professional. Tax rates can change due to legislative decisions, so the rates may be different in the year you file your taxes.

new york city tax,New York City imposes several taxes and fees on its residents and businesses to fund various city services and initiatives. Here are some of the key taxes and fees in New York City:

1. New York City Income Tax: In addition to New York State income tax, residents of New York City are subject to a local income tax. The tax rates vary depending on your income and filing status. The New York City income tax is collected by the New York State Department of Taxation and Finance.
2. Property Tax: Property owners in New York City are subject to property taxes. The amount you owe in property tax is determined by the assessed value of your property and the property tax rate set by the city.
3. Sales Tax: New York City imposes a combined state and local sales tax rate that varies depending on the type of goods or services being purchased. As of my last knowledge update in September 2021, the sales tax rate in New York City was 8.875%. However, this rate can change, so it’s essential to check the current rate.
4. Real Property Transfer Tax: When real estate is bought or sold in New York City, a transfer tax is imposed. The rate depends on the purchase price of the property.
5. Hotel Occupancy Tax: Visitors staying in hotels in New York City are subject to a hotel occupancy tax. This tax is added to the cost of the hotel room.
6. Commercial Rent Tax: Certain businesses in Manhattan south of 96th Street are subject to the Commercial Rent Tax (CRT). It is a tax on the rent paid for commercial property.
7. Cigarette and Tobacco Taxes: New York City has high taxes on cigarettes and other tobacco products, making them more expensive within the city.
8. Unincorporated Business Tax (UBT): Some unincorporated businesses in New York City may be subject to the Unincorporated Business Tax. This tax is based on the net income of the business.
9. Utility Taxes: There are various taxes and surcharges on utility bills, including electricity, gas, and telecommunications services.
10. Other Fees and Taxes: New York City may impose other fees and taxes for specific purposes, such as a plastic bag fee or a surcharge on ride-sharing services.

It’s essential to note that tax rates and regulations can change over time, and the information provided here is based on my last knowledge update in September 2021. If you have specific questions about taxes in New York City or need up-to-date information, I recommend consulting the official website of the New York City Department of Finance or seeking advice from a tax professional. Additionally, some taxes, such as property tax, may vary depending on the specific location within New York City.