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How much tax does someone who lives in NY state pay on $45K per year? |
I have been asked if I want them to take the minimum amount of withholdings or the maximum - but I don't know where to find out this info! How much will I be getting? Many many Thanks! No matter where you live in the United States, the Federal Tax on this income will be the same. As to State Income Taxes, I really don't know. I think that the first question that I need to ask you is, "Are you a new resident in New York State or have you lived there for some time." If you have lived there for some time, you should be able to look at a prior year return to determine a ball park figure. Most states have a web site maintained by their department of revenue. If New York has one, I would suggest going onto this web site and downloading the proper income tax form and instructions in order to make this determination. Sorry that I could not have been of more help. Perhaps, in time a New York state resident will see your question and answer it. For whatever else it may be worth, I would go with the maximum, if it turns out that you overpaid, you will be entitled to a refund and that in my opinion is preferable to underpaying and being penalized for having had too little withheld. |
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