December 12, 2017

New York Releases 2018 State, Local Withholding Tables

The 2018 withholding tables for New York state, New York City, and Yonkers were released Nov. 21 by the state's Department of Taxation and Finance. Please click here for more information.

The tables reflect a decrease in some of the state's personal income tax rates that are to take effect Jan. 1, 2018. Some of the income brackets also were revised.

The annual adjustment for the difference between federal and state exemption allowances is to remain at $3,050 for the three jurisdictions.

Reproduced with permission from Late-Breaking Payroll News 179 PYBN Z(Dec. 1, 2017). Copyright 2017 by The Bureau of National Affairs, Inc. (800-372-1033) <http://www.bna.com>
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