New York State and Yonkers Withholding Tax Rate Change

New York State withholding tax rate change effective January 1, 2012:

Most employees’ New York State withholding will change due to recent legislation that resulted in revised withholding tax computation rules. The changes apply to payrolls made on or after January 1, 2012.

Calculate new withholding tax amounts using Publication NYS-50-T-NYS, New York State Withholding Tax Tables and Methods

Yonkers withholding tax rate change effective January 1, 2012:

If you have employees subject to Yonkers resident personal income tax withholding, revised withholding tax computation rules may affect your payrolls made on or after January 1, 2012.

Calculate new withholding tax amounts using Publication NYS-50-T-Y, Yonkers Withholding Tax Tables and Methods

For more information, visit http://www.tax.ny.gov/bus/wt/rate.htm.

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