1099 Tax Estimator, New York
Free 1099 tax estimator for US freelancers and independent contractors. Calculate your self-employment tax (15.3%), federal income tax, and quarterly payment schedule based on your 1099 income and filing status. 2024 tax year rates.
New York state income tax tops out at 10.9% for high earners. NYC residents also pay a city income tax of up to 3.876%, making New York City one of the highest-tax places in the US for self-employed workers.
New York City freelancers face both state (up to 10.9%) and city (up to 3.876%) income tax on top of federal obligations. Quarterly estimated payments are due to both the IRS and NYS.
Sponsored
Send international payments at the real exchange rate, no hidden markups.
Other locations
General calculator →Frequently Asked Questions, 1099 Tax Estimator in New York
How much should a New York 1099 contractor set aside for taxes?↓
New York City freelancers should set aside 45–50% of net income. This covers: federal self-employment tax (15.3%), federal income tax, New York state income tax (up to 10.9%), and NYC income tax (up to 3.876%). Contractors outside NYC but in New York state should set aside 40–45%, as they avoid the city tax.
What is the New York City income tax for freelancers?↓
NYC residents pay an additional city income tax on top of state tax, ranging from 3.078% to 3.876% depending on income. This applies to all income earned, including freelance and 1099 income. This city tax is one of the highest in the US and is unique to NYC, other New York state cities do not levy an equivalent tax.
When are New York estimated tax payments due for self-employed workers?↓
New York state estimated tax (IT-2105) payments are due on the same dates as federal: April 15, June 15, September 15, and January 15. NYC residents must also make New York City estimated tax payments on the same schedule. Payments are made to the New York State Department of Taxation and Finance, which collects both state and city tax.
Get a free tool tip every week
One practical tip, one featured tool, every Tuesday. Takes 90 seconds to read. No spam, unsubscribe any time.