19 October 2018 New York tax department releases proposed regulations providing revised New York State and City of Yonkers 2019 withholding tables The New York Department of Taxation and Finance has released proposed regulations that provide revised wage bracket and percentage method income tax withholding tables for the State of New York and the City of Yonkers, effective with wages paid on or after January 1, 2019. The Yonkers nonresident earnings tax rate is not proposed to change; instead it is to remain at 0.50% for 2019. The revised publications, once the proposed regulations are finalized and the updated wage bracket and percentage method withholding tables are released, will be posted here (replacing the 2018 versions of these publications). New York State Form IT-2104, Employee's Withholding Allowance Certificate, for use by residents of New York State, the City of Yonkers and New York City, will likely also be revised effective January 1, 2019, to account for the adjustments to the personal income tax rate schedules and calculations. Once released, the form will also be available here. The proposed regulations do not include changes to the supplemental withholding rates for New York State and the City of Yonkers for 2019. The Department typically includes these figures in its annual release of withholding Publications NYS-50-T-NYS, New York State withholding tax tables and methods, and NYS-50-T-Y, Yonkers resident and nonresident withholding tax tables and methods.
Document ID: 2018-2083 | |||||||||
