New York City

For taxable year 2025, the New York City resident tax is imposed on New York City taxable income at the following rates: 3.078% on income to $21,600; 3.762% from $21,601 to $45,000; 3.819% from $45,001 to $90,000; and 3.876% above $90,000, for married individuals filing a joint return.

For taxable year 2025, the New York City resident tax is imposed on New York City taxable income at the following rates: 3.078% on income to $21,600; 3.762% from $21,601 to $45,000; 3.819% from $45,001 to $90,000; and 3.876% above $90,000, for married individuals filing a joint return.

In the case of a taxpayer other than a corporation, if there is a net capital loss for any taxable year: (1) the excess of the net short-term capital loss over the net long-term capital gain for such year shall be a short-term capital loss in the succeeding taxable year, and (2) the excess of the net long-term capital loss over the net short-term capital gain for such year shall be a long-term capital loss in the succeeding taxable year.

Interest income on obligations of any state other than this state, or of a political subdivision of any such other state unless created by compact or agreement to which this state is a party, to the extent not properly includible in federal adjusted gross income.

Interest income on obligations of any state other than this state, or of a political subdivision of any such other state unless created by compact or agreement to which this state is a party, to the extent not properly includible in federal adjusted gross income.

The amount of any gain excluded from federal gross income for the taxable year by subparagraph (A) of paragraph (1) of subsection (a) of section 1400Z-2 of the internal revenue code.

New York adjusted gross income of a resident individual means his federal adjusted gross income as defined in the laws of the United States for the taxable year, with the modifications specified in this section.

§11-1712: The New York City taxable income of a city resident individual shall be such individual's New York State taxable income, as defined in and computed pursuant to the tax law of the state of New York, subject to the modifications specified in this subchapter.

For taxable year 2025, the New York City resident tax is imposed on New York City taxable income at the following rates: 3.078% on income to $21,600; 3.762% from $21,601 to $45,000; 3.819% from $45,001 to $90,000; and 3.876% above $90,000, for married individuals filing a joint return.

Stocks and obligations of the United States Government are exempt from taxation by a State or political subdivision of a State. The exemption applies to each form of taxation that would require the obligation, the interest on the obligation, or both, to be considered in computing a tax.

Any security issued under this chapter by a Federal home loan bank, including the stock thereof, shall be exempt from taxation, except taxes upon real estate, by any State, county, municipality, or local taxing authority.

The mortgages held by the Farm Credit Banks and the notes, bonds, debentures, and other obligations issued by the banks shall be considered and held to be instrumentalities of the United States and, as such, they and the income therefrom shall be exempt from all Federal, State, municipal, and local taxation, other than Federal income tax liability of the holder thereof under the Public Debt Act of 1941 (31 U.S.C. 3124).

This part may be cited as 'The New York uniform disposition of community property rights at death act.'

For taxable year 2025, the New York City resident tax is imposed on New York City taxable income at the following rates: 3.078% on income to $21,600; 3.762% from $21,601 to $45,000; 3.819% from $45,001 to $90,000; and 3.876% above $90,000, for married individuals filing a joint return.