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Goldenseal Payroll
Software Info
US Federal Withholding
Tables
Free 2021 Payroll
Tax Table Updates
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New York has state income tax withholding. Tax tables did not change
in 2021. It's the third year in a row without changes. Before that it changed every year, ever since we started writing payroll software (there have been 28 changes during
the past 31 years). Married taxpayers face
an amazing 94% withholding rate on a narrow band of income at about $2 million a year. There
are enough other odd jumps in the withholding
rates that NY has now vaulted into the #2 spot
for WTF (withholding twerkiness factor). Watch
your back, Connecticut!
There is also separate tax withholding for residents
of New York City and Yonkers. New York City added
an additional table step in mid-2010, but then removed it in 2018. Yonkers uses a fixed percentage of the state rate, so their tables have all the same quirkiness.
NY Taxes include a state disability deduction (paid
by employees). This deduction helps to cover the employee disability
insurance that employers are required to carry.
Click here for more about Goldenseal payroll
accounting software.
HINT-- Our payroll software includes free annual
updates for
US federal and New York State tax withholding
rates. Click here to download payroll
updates for
New York state, New York City, Yonkers and federal
tax tables, applicable to all users of our payroll
software.
| New York State Withholding Instructions |
To enter withholding information for an employee
in your Goldenseal company file, follow these steps:
- Choose Employees from the Accounts menu.
- Locate the employee record.
- Click the Payroll Setup button.
- Enter the employee's marital status into
the Marital Status field (see note below).
- Choose the correct Tax Package (see note below).
- Enter the number of federal dependents into the
Federal Exemptions field.
- Enter the number of NewYork State dependents
into the State Exemptions field.
- Enter the number of Yonkers or New York City
dependents into the Local Exemptions field.
- Click OK.
Enter the correct tax package into the
Tax Package field. Separate packages are used for residents
of New York City or Yonkers. If an employee resides in
either, choose the appropriate Resident package; if an
employee works in but lives outside of either, choose the
appropriate Non-resident package. |
| New York
State Unemployment Tax Instructions |
New York state SUTA unemployment tax is based
on the first $11,800 of wages for each employee
(2021 cutoff amount). The SUTA tax rate for new employers
is 4.1%. After the first year the
rate varies from 1.5% to 9.9% for
each employer, depending on past hiring and layoff history.
In 2004 and 2005, New York owed money
to the Feds for unemployment payments,
meaning that the FUTA rate for
NY employers was 1.1% rather
than .8%. However in 2006 New York
returned to a positive funds balance,
and the FUTA rate returned
to its usual .8%.
To enter your New York SUTA tax rate
into the Goldenseal payroll
accounting software, follow these steps:
- Choose Payroll Setup from the Costs menu, and
choose Tax Items from the submenu.
- You'll see a list of Tax Items. Locate the
New York SUTA tax in the list, and double-click on it. HINT:
If you don't see SUTA in the list,you'll need to import
theNew York State payrollinfo first.
- Enter the percentage rate that you pay into
the number field to the right of Calculation method.
- If the cutoff amount has changed, enter
it into the dollar field to the right of First Adjustment.
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| New
York Marital Status |
Enter the marital status of each employee in
the Marital Status popup field on their employee account record:
- Single-
single employee with
one personal exemption
- Married-
married employee
with two personal
exemptions
- Dual
Income- married
employee with one
personal exemption
- Head
of House- employee
claims Head of
Family status
- Other-
not used
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| New
York
Tax Contacts |
Withholding tax website
Payroll Tax Office-- 877 698-2910
Forms-- 800 462-8100
SUTA-- 518 457-5806
New York Dept of Tax & Finance
Taxpayer Assistance Bureau
W. A. Harriman Campus
Albany NY 12227
Last updated Jan 3, 2008 |
| LITTLE
KNOWN NEW YORK STATE TAX FACT |
New York residents who go
over Niagara Falls in
a barrel are required
to pay an import duty
of $3.50 per barrel,
when they cross
from the Canadian
portion of the river
into New York waters.
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| Official
State Lawn Ornament |
Upstate-- Repeal the SAFE act sign.
Downstate-- skateboard.
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