Annual FICA Taxes (Social Security & Medicare): $0.00
Annual Federal Income Tax: $0.00
Annual NY State Income Tax: $0.00
Annual NYC Local Income Tax: $0.00
Annual Yonkers Local Income Tax: $0.00
Total Annual Taxes & Deductions: $0.00
Annual Net Pay: $0.00
Net Pay Per Period: $0.00
function calculateNYPaycheck() {
// Input values
var grossAnnualSalary = parseFloat(document.getElementById('grossAnnualSalary').value);
var payFrequency = document.getElementById('payFrequency').value;
var federalFilingStatus = document.getElementById('federalFilingStatus').value;
var nyFilingStatus = document.getElementById('nyFilingStatus').value;
var nyAllowances = parseInt(document.getElementById('nyAllowances').value);
var isNYCResident = document.getElementById('isNYCResident').checked;
var isYonkersResident = document.getElementById('isYonkersResident').checked;
var preTax401k = parseFloat(document.getElementById('preTax401k').value);
var preTaxHealth = parseFloat(document.getElementById('preTaxHealth').value);
// Validate inputs
if (isNaN(grossAnnualSalary) || grossAnnualSalary < 0) {
alert('Please enter a valid Gross Annual Salary.');
return;
}
if (isNaN(nyAllowances) || nyAllowances < 0) {
alert('Please enter a valid number for NY State Allowances.');
return;
}
if (isNaN(preTax401k) || preTax401k < 0) {
alert('Please enter a valid amount for Annual 401(k) Pre-Tax Contribution.');
return;
}
if (isNaN(preTaxHealth) || preTaxHealth < 0) {
alert('Please enter a valid amount for Annual Health Insurance Pre-Tax Premium.');
return;
}
// — Constants for 2024 Tax Year (approximate, always verify with official IRS/State sources) —
// FICA Limits
var socialSecurityLimit = 168600; // 2024
var socialSecurityRate = 0.062;
var medicareRate = 0.0145;
var additionalMedicareThresholdSingle = 200000;
var additionalMedicareThresholdMarriedJointly = 250000;
var additionalMedicareRate = 0.009;
// Federal Standard Deductions (2024)
var federalStandardDeductions = {
'single': 14600,
'married_jointly': 29200,
'hoh': 21900
};
// Federal Tax Brackets (2024)
var federalTaxBrackets = {
'single': [
{ limit: 11600, rate: 0.10 },
{ limit: 47150, rate: 0.12 },
{ limit: 100525, rate: 0.22 },
{ limit: 191950, rate: 0.24 },
{ limit: 243725, rate: 0.32 },
{ limit: 609350, rate: 0.35 },
{ limit: Infinity, rate: 0.37 }
],
'married_jointly': [
{ limit: 23200, rate: 0.10 },
{ limit: 94300, rate: 0.12 },
{ limit: 201050, rate: 0.22 },
{ limit: 383900, rate: 0.24 },
{ limit: 487450, rate: 0.32 },
{ limit: 731200, rate: 0.35 },
{ limit: Infinity, rate: 0.37 }
],
'hoh': [
{ limit: 16550, rate: 0.10 },
{ limit: 63100, rate: 0.12 },
{ limit: 100500, rate: 0.22 },
{ limit: 191950, rate: 0.24 },
{ limit: 243700, rate: 0.32 },
{ limit: 609350, rate: 0.35 },
{ limit: Infinity, rate: 0.37 }
]
};
// NY State Standard Deductions (2024)
var nyStandardDeductions = {
'single': 8500,
'married_jointly': 17000,
'hoh': 8500 // NY HOH is same as single for standard deduction
};
var nyExemptionAmountPerAllowance = 1000; // 2024
// NY State Tax Brackets (2024)
var nyStateTaxBrackets = {
'single': [ // Also for Married Filing Separately
{ limit: 8500, rate: 0.04 },
{ limit: 11700, rate: 0.045 },
{ limit: 13900, rate: 0.0525 },
{ limit: 21300, rate: 0.059 },
{ limit: 80650, rate: 0.0685 },
{ limit: 215400, rate: 0.0965 },
{ limit: 1077550, rate: 0.103 },
{ limit: 5387900, rate: 0.109 },
{ limit: Infinity, rate: 0.109 } // Top bracket for NY is complex, this is a simplification
],
'married_jointly': [
{ limit: 17100, rate: 0.04 },
{ limit: 23400, rate: 0.045 },
{ limit: 27800, rate: 0.0525 },
{ limit: 42600, rate: 0.059 },
{ limit: 161550, rate: 0.0685 },
{ limit: 323200, rate: 0.0965 },
{ limit: 2155350, rate: 0.103 },
{ limit: 10775350, rate: 0.109 },
{ limit: Infinity, rate: 0.109 }
],
'hoh': [
{ limit: 12850, rate: 0.04 },
{ limit: 17550, rate: 0.045 },
{ limit: 20900, rate: 0.0525 },
{ limit: 31950, rate: 0.059 },
{ limit: 120950, rate: 0.0685 },
{ limit: 269250, rate: 0.0965 },
{ limit: 1616350, rate: 0.103 },
{ limit: 8081750, rate: 0.109 },
{ limit: Infinity, rate: 0.109 }
]
};
// NYC Local Income Tax Brackets (2024)
var nycTaxBrackets = {
'single': [ // Also for Married Filing Separately, Head of Household
{ limit: 12000, rate: 0.032 },
{ limit: 25000, rate: 0.038 },
{ limit: 40000, rate: 0.045 },
{ limit: 60000, rate: 0.052 },
{ limit: 100000, rate: 0.059 },
{ limit: Infinity, rate: 0.0632 }
],
'married_jointly': [
{ limit: 21600, rate: 0.032 },
{ limit: 45000, rate: 0.038 },
{ limit: 72000, rate: 0.045 },
{ limit: 108000, rate: 0.052 },
{ limit: 180000, rate: 0.059 },
{ limit: Infinity, rate: 0.0632 }
],
'hoh': [ // NYC HOH is same as single for tax brackets
{ limit: 12000, rate: 0.032 },
{ limit: 25000, rate: 0.038 },
{ limit: 40000, rate: 0.045 },
{ limit: 60000, rate: 0.052 },
{ limit: 100000, rate: 0.059 },
{ limit: Infinity, rate: 0.0632 }
]
};
// Yonkers Resident Income Tax Rate
var yonkersTaxRate = 0.1675; // 16.75% of net NY State tax
// — Helper function to calculate progressive tax —
function calculateProgressiveTax(income, brackets) {
var tax = 0;
var prevLimit = 0;
for (var i = 0; i prevLimit) {
var taxableInBracket = Math.min(income, bracket.limit) – prevLimit;
tax += taxableInBracket * bracket.rate;
}
prevLimit = bracket.limit;
if (income additionalMedicareThreshold) {
medicareTax += (grossAnnualSalary – additionalMedicareThreshold) * additionalMedicareRate;
}
var totalFicaTax = socialSecurityTax + medicareTax;
// 3. Federal Income Tax
var federalStandardDeduction = federalStandardDeductions[federalFilingStatus];
var federalTaxableIncome = Math.max(0, taxableIncomeFederal – federalStandardDeduction);
var federalIncomeTax = calculateProgressiveTax(federalTaxableIncome, federalTaxBrackets[federalFilingStatus]);
// 4. NY State Income Tax
var nyStandardDeduction = nyStandardDeductions[nyFilingStatus];
var nyExemptionDeduction = nyAllowances * nyExemptionAmountPerAllowance;
var nyTaxableIncome = Math.max(0, taxableIncomeStateLocal – nyStandardDeduction – nyExemptionDeduction);
var nyStateTax = calculateProgressiveTax(nyTaxableIncome, nyStateTaxBrackets[nyFilingStatus]);
// 5. NYC Local Income Tax
var nycTax = 0;
if (isNYCResident) {
// NYC tax uses the same filing status logic as NY state for brackets
var nycFilingStatusForBrackets = nyFilingStatus;
if (nyFilingStatus === 'married_jointly') {
// NYC has specific married filing jointly brackets
nycTax = calculateProgressiveTax(taxableIncomeStateLocal, nycTaxBrackets['married_jointly']);
} else {
// Single, HOH, MFS use the 'single' brackets for NYC
nycTax = calculateProgressiveTax(taxableIncomeStateLocal, nycTaxBrackets['single']);
}
}
// 6. Yonkers Local Income Tax
var yonkersTax = 0;
if (isYonkersResident) {
yonkersTax = nyStateTax * yonkersTaxRate;
}
// 7. Total Annual Taxes and Deductions
var totalAnnualTaxesAndDeductions = totalFicaTax + federalIncomeTax + nyStateTax + nycTax + yonkersTax + totalPreTaxDeductions;
// 8. Annual Net Pay
var annualNetPay = grossAnnualSalary – totalAnnualTaxesAndDeductions;
// 9. Net Pay Per Period
var payPeriodsPerYear;
switch (payFrequency) {
case 'weekly': payPeriodsPerYear = 52; break;
case 'bi-weekly': payPeriodsPerYear = 26; break;
case 'semi-monthly': payPeriodsPerYear = 24; break;
case 'monthly': payPeriodsPerYear = 12; break;
case 'annually': payPeriodsPerYear = 1; break;
default: payPeriodsPerYear = 1;
}
var netPayPerPeriod = annualNetPay / payPeriodsPerYear;
// — Display Results —
document.getElementById('result-gross-annual').innerHTML = 'Annual Gross Pay: $' + grossAnnualSalary.toFixed(2);
document.getElementById('result-pretax-deductions').innerHTML = 'Total Annual Pre-Tax Deductions: $' + totalPreTaxDeductions.toFixed(2);
document.getElementById('result-fica').innerHTML = 'Annual FICA Taxes (Social Security & Medicare): $' + totalFicaTax.toFixed(2);
document.getElementById('result-federal-tax').innerHTML = 'Annual Federal Income Tax: $' + federalIncomeTax.toFixed(2);
document.getElementById('result-ny-state-tax').innerHTML = 'Annual NY State Income Tax: $' + nyStateTax.toFixed(2);
document.getElementById('result-nyc-tax').innerHTML = 'Annual NYC Local Income Tax: $' + nycTax.toFixed(2);
document.getElementById('result-yonkers-tax').innerHTML = 'Annual Yonkers Local Income Tax: $' + yonkersTax.toFixed(2);
document.getElementById('result-total-taxes-deductions').innerHTML = 'Total Annual Taxes & Deductions: $' + totalAnnualTaxesAndDeductions.toFixed(2);
document.getElementById('result-net-annual').innerHTML = 'Annual Net Pay: $' + annualNetPay.toFixed(2);
document.getElementById('result-net-per-period').innerHTML = 'Net Pay Per Period (' + payFrequency.replace('-', ' ') + '): $' + netPayPerPeriod.toFixed(2);
}
// Calculate on page load with default values
window.onload = calculateNYPaycheck;
Understanding Your New York Paycheck
Navigating your paycheck in New York can be complex due to multiple layers of taxation. Beyond federal taxes, New Yorkers also face state and, in some cases, local income taxes. This calculator helps you estimate your take-home pay by factoring in these various deductions.
Key Components of Your NY Paycheck:
1. Gross Pay
This is your total earnings before any taxes or deductions are taken out. It's your annual salary or hourly wage multiplied by the hours worked, then adjusted for your pay frequency (e.g., weekly, bi-weekly, monthly).
2. Pre-Tax Deductions
These are amounts taken from your gross pay before taxes are calculated. Common pre-tax deductions include contributions to a 401(k) retirement plan, health insurance premiums, and Flexible Spending Accounts (FSAs). These deductions reduce your taxable income, meaning you pay less in federal, state, and often local income taxes.
Example: If your gross annual salary is $75,000 and you contribute $5,000 to a 401(k) and $2,000 for health insurance (both pre-tax), your taxable income for most purposes would be $75,000 – $5,000 – $2,000 = $68,000.
3. Federal Taxes
Federal Income Tax: This is a progressive tax, meaning higher earners pay a larger percentage of their income. The amount withheld depends on your gross income, filing status (Single, Married Filing Jointly, Head of Household), and any additional withholding you specify on your W-4 form. The calculator uses standard deductions and current tax brackets to estimate this.
FICA Taxes (Social Security & Medicare): These are mandatory federal taxes that fund Social Security and Medicare programs.
Social Security: 6.2% of your gross pay, up to an annual income limit (e.g., $168,600 for 2024).
Medicare: 1.45% of all your gross pay, with no income limit. An additional 0.9% Medicare tax applies to income above certain thresholds ($200,000 for single filers, $250,000 for married filing jointly).
4. New York State Income Tax
New York State also has a progressive income tax system. The amount you pay depends on your taxable income, filing status, and the number of allowances you claim on your NYS Form IT-2104. Each allowance reduces your taxable income by a set amount (e.g., $1,000 per allowance).
Example: A single individual in NY earning $75,000 annually with no pre-tax deductions and claiming 0 allowances would have their NY taxable income reduced by the standard deduction (e.g., $8,500 for single filers in 2024) before applying the state tax brackets.
5. Local Income Taxes (NYC and Yonkers)
New York City (NYC) Resident Tax: If you live within the five boroughs of New York City, you are subject to NYC local income tax. This is also a progressive tax, with rates varying based on your income and filing status.
Yonkers Resident Tax: Residents of Yonkers pay a local income tax that is calculated as a percentage of their net New York State tax liability (e.g., 16.75% of your NY State tax).
6. Net Pay
After all federal, state, and local taxes, as well as pre-tax deductions, are subtracted from your gross pay, the remaining amount is your net pay, or your take-home pay. This is the amount that gets deposited into your bank account.
How to Use the Calculator:
Simply enter your gross annual salary, select your pay frequency, federal and NY state filing statuses, NY allowances, and indicate if you are an NYC or Yonkers resident. You can also input any annual pre-tax contributions to 401(k)s or health insurance premiums. The calculator will then provide an estimated breakdown of your annual and per-period net pay.
Remember, this calculator provides estimates based on current tax laws and common deductions. Your actual paycheck may vary due to other specific deductions, credits, or changes in tax legislation. Always consult with a financial advisor or tax professional for personalized advice.