New York Self-Employment Tax Calculator
Calculate your self-employment tax, federal income tax, and New York state income tax as a freelancer or 1099 contractor. New York has a progressive income tax with rates from 4% to 10.
Annual Tax Breakdown
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Quarterly Estimated Payments
Tax Breakdown
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Your estimated quarterly tax payment is $5,228. Model your freelance income alongside expenses, savings, and investments in the full simulator.
Try the Full SimulatorNew York Tax Overview for Freelancers
New York has a progressive income tax with rates from 4% to 10.9%. New York City residents face an additional city income tax of 3.078% to 3.876%. Self-employed individuals in New York pay federal self-employment tax (15.3%) plus federal income tax, and New York state income tax on their net self-employment earnings.
Self-Employment Taxes in New York
If you work as a freelancer or independent contractor in New York, your tax situation involves multiple layers: federal self-employment tax, federal income tax, and New York state income tax. Understanding how each component works helps you plan your quarterly estimated payments and maximize your deductions.
New York Income Tax for Freelancers
New York has a progressive income tax with rates from 4% to 10.9%. New York City residents face an additional city income tax of 3.078% to 3.876%.
Cost of Living for Freelancers in New York
New York's cost of living is about 23% above the national average, with NYC being 87% or more above average. As a freelancer in New York, your effective earnings depend not just on your tax rate but also on what your after-tax income can buy. Consider local costs for housing, coworking spaces, and daily expenses when setting your rates.
Financial Tips for New York Freelancers
- New York City residents face a combined state+city tax rate of up to ~14.8% — the highest in the nation
- If you live outside NYC, your effective rate is significantly lower — consider suburban locations
- New York SDI payroll tax adds to your paycheck deductions
- Maximize 401(k) and other pre-tax deductions to reduce your substantial state tax burden
- New York does not tax Social Security benefits
Key New York Tax Features
- Progressive rates up to 10.9%
- NYC city income tax (3.078-3.876%)
- SDI payroll tax
- No tax on Social Security
- Highest-paying job market in the US
Model Your New York Freelance Finances Over Time
This calculator shows your New York tax bill. Trajectoryy's full simulator models your freelance income alongside expenses, savings, investments, and more — month by month for years into the future.
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