New York city help: What percentage do they deduct from your paycheck if you claim zero (0) in NYC? - Help.com

there is no single answer to that.

do you mean federal deduction, state, are you counting ss too?

and it depends on how much you make, to see what tax bracket you fall in

also, depending on who cuts your payroll, they are allowed to deduct too much to be on the safe side.

sorry, but this is one of those that if you get a straight answer, i would not trust it

Well I’ve never had a job so I’ve never filled out a w-2 or w-4, I don’t even know the difference. I was just curious if I filed 0, what a rough estimate would be percentage wise that would be coming out of my paycheck every week.

well, I will give you an Idea.

first, its just federal tax i can speak about, because we do not have state tax in Florida.

and filing 0 results in a larger withholding, but a better refund at the end of the year

filling 1 results in less withholding, with a smaller return.

I will give you a couple of examples, based on some of my employees checks

one guy grosses 600 a week, and files 2 deductions. He takes home about 525 a week

this guy might actually owe money on his fed taxes at the end of the year

another grosses 650, claims 0, and takes home about 508 a week

this guy will probably get a pretty good income tax return

guy who grosses 500 and claims 1 takes home about 475 a week

this guy should get a decent return, but probably not enough to put a down payment on a bicycle.

Thanks so much for your help. I did some more research into it, and I might consider filing 2. NYC seems to take a HUGE chunk out of my paycheck even with 2 deductions.

My gross pay would be approximately 769/wk, however after taxes, with 0 deductions it’s about 540, and with 2 deductions it’s about 574. I found a paycheck calculator online that broke it down for me. I don’t know how accurate it is, but it will suffice until I start my job, in terms of budgeting for the city. You can see it here if you like: http://www.paycheckcity.com/netpayhra…

For some reason it seems if I live and work in the city I’m taxed a LOT more. It didn’t have an option for NYC that said New York City Non-Resident.. meaning I work there, but don’t live there. I’m curious if I lived in NJ if my paycheck would increase.

Thanks again!

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