10 October 2019 New York releases proposed New York State and City of Yonkers 2020 withholding tables The New York Department of Taxation and Finance released proposed regulations that include revised wage bracket and percentage method income tax withholding tables for New York and the City of Yonkers effective with wages paid on or after January 1, 2020. Once the proposed regulations are finalized the updated wage bracket and percentage method withholding tables for 2020 will be posted here (replacing the 2019 versions of these publications). New York Form IT-2104, Employee's Withholding Allowance Certificate, for use by New York, City of Yonkers and New York City employees, will likely also be revised effective January 1, 2020, 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 2020. 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: 2019-1803 | |||||||||
