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Retirement planning for New York.
Graduated (4% – 10.9%). Start with your situation
Start with your situationNew York at a glance (2026)
Top combined rate
49.68%
State tax model
Graduated
Standard deduction
$16,100
RMD start age
73
State tax brackets
New York income tax rates (2026)
| Rate | Taxable income (single) |
|---|---|
| 4% | up to $8,500 |
| 4.5% | $8,500 – $11,700 |
| 5.25% | $11,700 – $13,900 |
| 5.5% | $13,900 – $80,650 |
| 6% | $80,650 – $215,400 |
| 6.85% | $215,400 – $1,077,550 |
| 9.65% | $1,077,550 – $5,000,000 |
| 10.3% | $5,000,000 – $25,000,000 |
| 10.9% | over $25,000,000 |
State rates apply on top of federal rates (10-37%). Married filing jointly thresholds are typically 2x single.
What this means for your retirement
New York retirement planning insights
New York doesn't tax Social Security at the state level — but pensions from NY state/local government are also exempt, a significant advantage for public-sector retirees
NYC residents face an additional city income tax (3.078-3.876%) on top of state rates — moving to Long Island or Westchester eliminates the city tax while staying in the metro area
New York's $20K pension/annuity exclusion (age 59½+) shelters a meaningful amount of retirement income from state tax
For high-net-worth retirees, New York's estate tax (with a cliff at 105% of the exemption) makes pre-retirement planning critical — consider gifting or moving before estates approach the threshold
Frequently asked questions
› Does New York tax retirement income?
New York does not tax Social Security benefits. It excludes the first $20,000 of pension/annuity income for residents age 59½+. 401(k) and IRA withdrawals above that exclusion are taxed at state rates (4-10.9%). NYC residents pay an additional 3.078-3.876% city tax.
› Should I move out of New York for retirement?
If your retirement income will exceed ~$100,000/year from 401(k)/IRA withdrawals, the savings from moving to a no-tax state can be $5,000-20,000+ annually. cinder.fi can model your specific situation in both states to show the exact dollar difference.
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