December 17, 2018

New York Releases 2019 Withholding Tables

  • Withholding tables for New York state and the city of Yonkers were released Nov. 30.
  • The tables implement tax rate decreases specified for 2019.

Withholding tables for New York state and the city of Yonkers, effective Jan. 1, 2019, were released Nov. 30 by the state Department of Taxation and Finance.
The tables implement tax rate decreases specified for 2019 in New York’s fiscal 2017 budget bill (S. 6409-C), which contained tax rate decreases for each year from 2018 to 2024, the department said.

The amount of the adjustment for the difference between federal and New York State withholding allowances increased to $3,150, from $3,050. The standard deduction remained $7,400.

New York state’s supplemental rate remained 9.62 percent, while Yonkers’ supplemental rates remained 1.61135 percent for residents and 0.5 percent for nonresidents.

Reproduced with permission. Published Nov. 30, 2018. Copyright 2018 by The Bureau of National Affairs, Inc. (800-372-1033) <http://www.bna.com>
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