New York State Income Tax Brackets 2025. Governor kathy hochul today proposed a middle class tax cut for more than 8.3 new york taxpayers as part of her 2025 state of the state. For single filers, up to $8,500 is subject to a 4% tax rate while it starts at.
Single tax brackets generally result in higher taxes when compared with taxpayers with the same income filing as married filing jointly or head of household. New mexico has now moved to a flat rate corporate income tax system, imposing a rate of 5.9 percent on all corporate income from january 1, 2025.