Home
Forms Library
Form IT-220: 2008: Minimun Income Tax: IT220 - The New York - tax ny

Form IT-220: 2008: Minimun Income Tax: IT220 - The New York - tax ny-2025

Form IT-220: 2008: Minimun Income Tax: IT220 - The New York - tax ny Preview on Page 1

See details

4.8 out of 5

61 votes

The document is a tax form (IT-220) from the New York State Department of Taxation and Finance, used for calculating the Minimum Income Tax for residents, nonresidents, and estates or trusts. It outlines the necessary information required for filing, including tax preference items, New York additions and subtractions, and the calculation of minimum taxable income and tax due.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to modify Form IT-220: 2008: Minimun Income Tax: IT220 - The New York - tax ny in PDF format online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Handling paperwork with our feature-rich and intuitive PDF editor is simple. Follow the instructions below to fill out Form IT-220: 2008: Minimun Income Tax: IT220 - The New York - tax ny online quickly and easily:

Log in to your account. Sign up with your credentials or register a free account to try the service prior to upgrading the subscription.
Import a form. Drag and drop the file from your device or import it from other services, like Google Drive, OneDrive, Dropbox, or an external link.
Edit Form IT-220: 2008: Minimun Income Tax: IT220 - The New York - tax ny. Easily add and highlight text, insert images, checkmarks, and symbols, drop new fillable areas, and rearrange or delete pages from your document.
Get the Form IT-220: 2008: Minimun Income Tax: IT220 - The New York - tax ny accomplished. Download your modified document, export it to the cloud, print it from the editor, or share it with other people through a Shareable link or as an email attachment.

Benefit from DocHub, one of the most easy-to-use editors to quickly handle your paperwork online!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the New York income tax rate?

New York state income tax rates. New York has nine income tax rates: 4%, 4.5%, 5.25%, 5.5%, 6%, 6.85%, 9.65% 10.3% and 10.9%. The tax rates and brackets below apply to taxable income earned in 2024, which is reported on tax returns that are due April 15, 2025.

What is NY fixed dollar minimum tax?

Tax bases and rates If New York City Receipts are:Fixed Dollar Minimum Tax is: Not more than $100,000 $25 More than $100,000 but not over $250,000 $75 More than $250,000 but not over $500,000 $175 More than $500,000 but not over $ 1 million $5008 more rows

Who must file a New York State income tax return?

Generally, you must file a New York State income tax return if you are a New York State resident and are required to file a federal return. You may also have to file a New York State return if you are a nonresident of New York and you have income from New York State sources.

How much is $80,000 a year after taxes in New York?

If you make $80,000 a year living in the region of New York, USA, you will be taxed $20,962. That means that your net pay will be $59,038 per year, or $4,920 per month. Your average tax rate is 26.2% and your marginal tax rate is 35.8%.

How much is $100,000 a year taxed in NY?

If you make $100,000 a year living in the region of New York, USA, you will be taxed $28,124. That means that your net pay will be $71,876 per year, or $5,990 per month. Your average tax rate is 28.1% and your marginal tax rate is 38.1%.

Related forms

be ready to get more

Complete this form in 5 minutes or less

Get form

What is the New York State income tax exemption?

you must be under age 18, or over age 65, or a full‑time student under age 25; and you did not have a New York income tax liability for 2024; and you do not expect to have a New York income tax liability for 2025 (for this purpose, you have a tax liability if your return shows tax before the allowance of any credit

How much is NY state tax on income?

New Yorks income tax rates range from 4% to 10.9%. The top tax rate is one of the highest in the country, though only taxpayers whose taxable income exceeds $25,000,000 pay that rate. What your tax burden looks like in New York depends on where in the state you live.

Is NY a high income tax state?

By the numbers: California (13.3%), Hawaii (11%) and New York (10.9%) have the highest top marginal income tax rates for individuals. Arizona and North Dakota (both 2.5%) have the lowest among states with an income tax.

Form IT-220: 2008: Minimun Income Tax: IT220 - The New York - tax ny-2025

Here's how it works

How to modify Form IT-220: 2008: Minimun Income Tax: IT220 - The New York - tax ny in PDF format online

Complete this form in 5 minutes or less

Got questions?

What is the New York income tax rate?

What is NY fixed dollar minimum tax?

Who must file a New York State income tax return?

How much is $80,000 a year after taxes in New York?

How much is $100,000 a year taxed in NY?

Complete this form in 5 minutes or less

People also ask

What is the New York State income tax exemption?

How much is NY state tax on income?

Is NY a high income tax state?

Try more PDF tools