New York has released its 2018 Publication NYS-50-T-NYS. This publication contains the 2018 Withholding Tax Tables and Methods for New York State. There are a number of changes from the previous revision:
- Effective for payrolls made on or after January 1, 2018, employers must use the revised tax withholding tax tables and methods in this publication to compute NY state taxes to be withheld from employees
- The 2018 New York State personal income tax rate schedules have been revised to reflect certain income tax rate reductions enacted under Chapter 60 of the Laws of 2016 (Part TT)
- Certain net wage amounts were slightly reduced
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About the Author
Adam Rivera is a member of the Regulatory Analysis Team's Direct Tax division at Sovos. His main areas of focus are Federal and State Tax Withholding and Affordable Care Act (ACA) Reporting. Prior to Sovos, Adam worked as a legislative aide in the Florida House of Representatives. He also has experience in securities law, focusing on securities litigation and researching emerging crowdfunding methods of raising capital. Adam is a member of both the Massachusetts and Florida Bars. He earned his B.A. from the University of Florida and his J.D. from the University of Miami.More Content by Adam Rivera