New York recently updated several of its publications and documents including NYS-50-T-NYS, the New York State Withholding Tax Tables and Methods, Form IT-2104, the Employee’s Withholding Allowance Certificate, IT-2104-E, the Certificate of Exemption from Withholding, and NYS-50, the Employer’s Guide to Unemployment Insurance, Wage Reporting, and Withholding Tax. None of the documents was significantly updated, though small updates were made to each. The most important updates to these documents are detailed below:
NYS-50-T-NYS
- Added Top Income Tax Rates method of calculation for single and married filing status
- New York State Supplemental Rate increased from 9.62% to 11.7%
- Tables updated to reflect new rates
- Individuals and couples with annualized net wages of $1,077,550 or greater must use the new
Top Income Tax Rates method
To view the NYS-50-T-NYS, click here.
Form IT-2104
- Added information about changes to higher tier income taxation
- Updated income tables to reflect higher income brackets for tax
To view Form IT-2104, click here.
Form IT-2104-E
- Form labeled for 2022 and expiring April 30, 2023
- Generally updated for 2022 tax year
To view Form IT-2104_E, click here.
NYS-50
- Revised 12/21
- Minor grammatical updates throughout
- Penalty for failure to provide complete and correct quarterly withholding reconciliation information increased from $50 per employee with a maximum of $10,000 per calendar quarter to $100 per employee with incorrect or incomplete information, with a maximum of $20,000 per calendar quarter.
- Paid family leave has been added to the UI and Wage Reporting Requirement as well as the withholding tax requirement columns of spreadsheet of items requiring report.
To view Publication NYS-50, click here.
