Form Nys-50-T-Nyc - New York City Withholding Tax Tables And Methods (Page 3 of 32) in pdf

Form Nys-50-T-Nyc - New York City Withholding Tax Tables And Methods Page 3

NYS-50-T-NYC (5/11) Page 3 of 32

Important information

Publication NYS-50-T replaced

Effective May 1, 2011, Publications NYS-50-T (1/06), New York State, New York City, and Yonkers Withholding Tax Tables and

Methods, Effective January 1, 2006, NYS-50-T.1 (1/10), Revised New York State and Yonkers Withholding Tax Computation

Rules, Effective January 1, 2010, and NYS-50-T.2 (1/11), Revised New York City Withholding Tax Computation Rules, Effective

January 1, 2011, have been replaced and the New York State, New York City, and Yonkers withholding tax tables and methods

are now in three separate publications:

• NYS-50-T-NYS, New York State Withholding Tax Tables and Methods

• NYS-50-T-NYC, New York City Withholding Tax Tables and Methods

• NYS-50-T-Y, Yonkers Withholding Tax Tables and Methods

Visit our Web site (at ) to:

• print or download withholding tax forms and publications

• obtain the latest information on withholding tax

• learn about paperless ﬁling options - beneﬁts include automatic calculation of amounts due, direct payment from your bank

account, and instant conﬁrmation

• sign up to receive e-mail notiﬁcation containing direct links to newly posted content on our Web site through the NYS Department

of Taxation and Finance Subscription Service.

Supplemental wage payment withholding rates

If you pay supplemental wages (bonuses, commissions, overtime pay, sales awards, etc.) with regular wages but do not specify the

amount of each, withhold income tax as if the total were a single payment for a regular payroll period.

If you pay supplemental wages separately (or combine them in a single payment and specify the amount of each), the income tax

withholding method depends partly on whether or not you withhold income tax from your employee’s regular wages:

• If you withhold income tax from an employee’s regular wages, you can use one of the following methods for the supplemental

wages:

a. Withhold at the New York City supplemental rate of 4.25% (.0425)

b. Add the supplemental and regular wages for the most recent payroll period this year. Then ﬁgure the income tax withholding

as if the total were a single payment. Subtract the tax already withheld from the regular wages. Withhold the remaining tax

from the supplemental wages.

• If you did not withhold income tax from the employee’s regular wages, use method b. (This would occur, for example, when the

value of the employee’s withholding allowances claimed on the Form W-4 is more than the wages.)

Also see federal Publication 15, Circular E, for a list of other payments that may be considered supplemental wages.

Form Nys-50-T-Nyc - New York City Withholding Tax Tables And Methods Page 3