If I live in NY and claim Single, 0 on my taxes, what percentage will be withheld from my paycheck?

Answer 1

That depends on how much money you make and what is on your W-4. When you start your job, you filled out a W-4 which asked for the number of dependents and filing status. The answers to those questions in conjunction with the amount of money you made for that specific pay period are used to estimate what your annual income will be at the end of the year and withhold accordingly. As for the exact amount there is a sliding scale, the percentage withheld increases as your wages increase and your estimated annual wages move you to a higher tax bracket. Just keep in mind, if you do not have enough withheld at the end of the year, you can be assessed a penalty. However, if you are claiming single with no exemptions on your W-4 and have no other source of income, that should not happen.

As for the New York state and city income taxes, I have no idea how they work, but from my experiences with other states, they are set up in a similar fashion.

The instructions for the federal withholdings can be found on irs.gov.

Answer 2

Like Tammy H said..broke, broke, broke. My hubby pays for 2 kids, makes Gross about 3000/month and we only see about 800/month after taxes and f-ing child support. You do the math. Not pretty. I wouldn't mind it because I'm all for a man supporting children he helped create..the problem is that "women" both work under the table while claiming to the government that they don't have jobs, they both have men in their lives who work but they claim to the government that they are single moms, and one has a dog breeding business on the side that..surprise surprise..the government knows nothing about either. Reporting this crap is a waste of time also, because the government doesn't listen. I don't care who rants on me for this, it's called common sense..the ideal thing to do would be work for cash/self-employment/contractor and send your own payments to the child/support enforcement. That way, you are still taking care of the kid(s), you aren't racking up child support and facing jail time, AND you won't be broke. The friggin child support "laws" are ludicrous. GOOD LUCK.

Answer 3

Depends on your gross each pay period and how often you are paid - somewhere between zero and almost 35% for federal income tax, most likely somewhere in between.

They'll also deduct 7.65% for social security and medicare, and if your state or municipality have an income tax, there will be a deduction for those.