The information below is provided to employees for informational purposes only. Anyone seeking personal tax advise should seek consultation outside NYU.
|Wage Base||Rate||Maximum Tax||Additional Tax|
|Medicare||None||1.45%||None||0.90% over $200k|
|Federal (in excess of $1m)||39.60%|
|New York State||9.62%|
|New York City||4.25%|
Employees may claim as many exemptions as they deem appropriate on Form IT-2104 however if the employee claims more than 14 exemptions NYU is required to file a copy of the Form IT-2104 with New York State Tax Department, who may require the employee to justify your claim for more than 14 exemptions.
An employee whose residence is outside New York City/Yonkers may be automatically exempted from New York City/Yonkers tax.
New York Form IT-2104.1 is the New York State, City of New York, and City of Yonkers Certificate of Nonresidence and Allocation of Withholding Tax.
Form IT-2104-E requires:
The employee must be under age 18 or over age 65, or a full-time student under age
Did not have a NY tax liability for the prior year.
You do not expect to have a NY tax liability for the current year.
Annually on February 1 of each year, employees claiming exemption from tax must submit new forms to Tax Services and Payroll, or the electionss will default to Single, 0 exemptions.
Form IL-W-4 (Illinois Withholding Allowance Certificate and Instructions)