New York 2024 Tax Rates

Withholding Method

: Formula

• Withholding Tax Tables

Supplemental Wage / Bonus Rate

: 11.7% for state tax

• 4.25% for New York City

Employer Compensation Expense Tax (ECET) — 5.0% for 2024 (Generally, payroll expense means a covered employee’s wages and compensation that are subject to either social security or railroad retirement tax, but with no annual cap applied. This is Medicare wages.)

Register as an employer on the New York Employment Department of Labor website

Employee's Withholding Tax Exemption Certificate

: Form IT-2104

New York Wage Base

: $12,500 for 2024

New York SUI rates range from

: 2.1% to 9.9% including the Reemployment Services Fund for 2024

New York new employer rate

: 4.1% for 2024

Get your unemployment insurance rate: New York UI agency website

New York employee SDI Rate

: 0.5% to a maximum of $0.60 per week

New York employer SDI Rate

: Balance of costs over employee contributions necessary to provide benefits

New York FLI employee rate

: 0.455% with a maximum of $423.71 per year for 2024

New York FLI wage limit

: $87,785.88 for 2024

New York Minimum Wage

: $15.00 per hour, except for counties and cities with their own rate

New York City, Nassau County, Suffolk County, Westchester County Minimum Wage

: $16.00 per hour

$15.00 per hour for New York City, Westchester and Long Island. Rates vary by employer size and location, check city for city minimum wage rates

New York Termination Pay

:

• Employee is fired — pay next regular payday
• Employee quits — pay next regular payday

New Hire Notification
P.O. Box 15119
Albany, NY 12212-5119

Phone: 518-320-1079

Fax: 518-320-1080

NYS Child Support Processing Center
P.O. Box 153634
Albany, NY 12212-5363

Phone: 888-208-4485

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