New York Withholding Tax Change

The New York State Department of Taxation and Finance has issued new withholding tax tables for New York State and Yonkers Residents.  Click here for a copy of the revised tables. The new withholding tables are effective May 1, 2009.

This change is based on legislation that was signed by Governor David Paterson on April 7, 2009.  It affects employees making over $200,000. No adjustments are necessary nor are required by the agency for tax withheld prior to using the revised withholding tables. Additional information can be found on the Agency’s website.

Frequently Asked Questions

How do I know if I'm affected?
You may be affected if you currently withhold New York income taxes from employees and make withholding tax payments in the State of New York or if you currently have a valid New York Withholding Identification Number.

 

When are the new withholding tables effective?

The New York withholding tax tables are effective beginning May 1, 2009.

 

When will the new withholding tax tables be available in QuickPayroll?

The new withholding tax tables will be available in Payroll Update #20912, scheduled to be released at the end of April 2009.

 

Do I have to adjust withholding tax calculated before I install Payroll Update #20912?

You do not need to make any adjustments to withholding taxes that were calculated using the prior withholding tables.

 

What do I need to do?

You will need to download and install Payroll Update #20912 as soon as it is released so the correct amount of New York withholding taxes are calculated and withheld from employee paychecks from that point forward. 

For more information on how to download and install a Payroll Update, click on the Help menu, select User’s Guide from the drop down list, click on the Index tab, and then type “Updating” in first field.  Help is provided for both downloading and installing Payroll Updates.