If you’re considering a salary of $105,000 in New York City, you might be wondering exactly how much of that will land in your bank account after taxes. This is an important question because taxes can take a sizable chunk out of your earnings, and living in NYC comes with its own set of financial challenges, even for a relatively high income. In this article, I’ll break down what your take-home pay will be after taxes, taking into account federal, state, and city taxes, along with other deductions like Social Security and Medicare. I’ll also give you a clearer picture by comparing how your take-home pay would change based on various tax brackets and considerations.
Table of Contents
Understanding the Taxes Involved
When we look at your gross salary of $105,000, we have to factor in several types of taxes that will reduce your take-home pay. These taxes include:
- Federal Income Tax: This is the tax that the federal government imposes on your earnings. The amount you pay is determined by the federal income tax brackets, which range from 10% to 37% in 2025. The tax you pay is progressive, meaning you pay different rates on different portions of your income.
- New York State Income Tax: New York state has its own income tax, which ranges from 4% to 8.82%, depending on your income bracket.
- New York City Income Tax: New York City also imposes its own local income tax, which ranges from 3.078% to 3.876%.
- Social Security and Medicare (FICA): These are mandatory deductions for all employees, regardless of the state you live in. Social Security is taxed at 6.2% of your income, up to a certain income limit, and Medicare is taxed at 1.45%, with no income limit.
I will now take you through the calculations step by step.
Step 1: Federal Income Tax
The U.S. has a progressive tax system, so you won’t pay 22% (or whatever your bracket is) on all your income. Instead, different portions of your income will be taxed at different rates.
For 2025, the tax brackets are:
- 10% for income up to $11,000 (single) / $22,000 (married)
- 12% for income over $11,000 (single) / $22,000 (married) up to $44,725 (single) / $89,450 (married)
- 22% for income over $44,725 (single) / $89,450 (married) up to $95,375 (single) / $190,750 (married)
- 24% for income over $95,375 (single) / $190,750 (married) up to $182,100 (single) / $364,200 (married)
- 32% for income over $182,100 (single) / $364,200 (married) up to $231,250 (single) / $462,500 (married)
- 35% for income over $231,250 (single) / $462,500 (married) up to $578,100 (single) / $693,750 (married)
- 37% for income over $578,100 (single) / $693,750 (married)
Given a salary of $105,000, you fall into the 24% tax bracket. But not all of your income is taxed at this rate.
Step 2: Tax Calculation for Federal Income Tax
Let’s calculate how much federal income tax you’ll pay:
- The first $11,000 is taxed at 10% = $1,100
- The next $33,725 (from $11,000 to $44,725) is taxed at 12% = $4,047
- The next $50,650 (from $44,725 to $95,375) is taxed at 22% = $11,143
- The remaining $9,625 (from $95,375 to $105,000) is taxed at 24% = $2,310
Adding these together, your total federal income tax is:
$1,100 + $4,047 + $11,143 + $2,310 = $18,600
Step 3: New York State Income Tax
Next, let’s look at New York state income tax. New York has several tax brackets for 2025, and we will use the rates based on your income of $105,000. The applicable rates for you are:
- 4% on income up to $8,500
- 4.5% on income between $8,500 and $11,700
- 5.25% on income between $11,700 and $21,400
- 5.9% on income between $21,400 and $80,650
- 6.09% on income between $80,650 and $215,400
- 6.41% on income above $215,400
For a salary of $105,000, your tax calculation is as follows:
- The first $8,500 is taxed at 4% = $340
- The next $3,200 ($11,700 – $8,500) is taxed at 4.5% = $144
- The next $9,700 ($21,400 – $11,700) is taxed at 5.25% = $509.25
- The next $59,250 ($80,650 – $21,400) is taxed at 5.9% = $3,498.75
- The remaining $24,350 ($105,000 – $80,650) is taxed at 6.09% = $1,483.65
Adding these together, your total New York State tax is:
$340 + $144 + $509.25 + $3,498.75 + $1,483.65 = $5,976.65
Step 4: New York City Income Tax
New York City also has a local income tax. The rates for 2025 are:
- 3.078% on income up to $21,600
- 3.762% on income between $21,600 and $45,000
- 3.819% on income between $45,000 and $90,000
- 3.876% on income over $90,000
For a salary of $105,000, your tax calculation is as follows:
- The first $21,600 is taxed at 3.078% = $665.69
- The next $23,400 ($45,000 – $21,600) is taxed at 3.762% = $880.07
- The next $45,000 ($90,000 – $45,000) is taxed at 3.819% = $1,719.55
- The remaining $15,000 ($105,000 – $90,000) is taxed at 3.876% = $581.40
Adding these together, your total NYC tax is:
$665.69 + $880.07 + $1,719.55 + $581.40 = $3,846.71
Step 5: Social Security and Medicare (FICA)
Now let’s calculate Social Security and Medicare. These are flat rates:
- Social Security: 6.2% of your income up to $160,200 (for 2025)
- Medicare: 1.45% of your entire income
For $105,000:
- Social Security tax: 6.2% of $105,000 = $6,510
- Medicare tax: 1.45% of $105,000 = $1,522.50
Adding these together, your total FICA tax is:
$6,510 + $1,522.50 = $8,032.50
Step 6: Total Tax and Take-Home Pay Calculation
Now, let’s add up all of your taxes:
- Federal income tax: $18,600
- New York State tax: $5,976.65
- New York City tax: $3,846.71
- Social Security and Medicare: $8,032.50
Total taxes: $18,600 + $5,976.65 + $3,846.71 + $8,032.50 = $36,456.86
Now, to find your take-home pay, subtract the total taxes from your gross salary:
$105,000 – $36,456.86 = $68,543.14
Step 7: Breakdown in Tables
Federal Income Tax Calculation
| Income Range | Tax Rate | Tax Owed |
|---|---|---|
| $0 – $11,000 | 10% | $1,100 |
| $11,000 – $44,725 | 12% | $4,047 |
| $44,725 – $95,375 | 22% | $11,143 |
| $95,375 – $105,000 | 24% | $2,310 |
Total Federal Tax: $18,600
New York State Income Tax Calculation
| Income Range | Tax Rate | Tax Owed |
|---|---|---|
| $0 – $8,500 | 4% | $340 |
| $8,500 – $11,700 | 4.5% | $144 |
| $11,700 – $21,400 | 5.25% | $509.25 |
| $21,400 – $80,650 | 5.9% | $3,498.75 |
| $80,650 – $105,000 | 6.09% | $1,483.65 |
Total NY State Tax: $5,976.65
New York City Income Tax Calculation
| Income Range | Tax Rate | Tax Owed |
|---|---|---|
| $0 – $21,600 | 3.078% | $665.69 |
| $21,600 – $45,000 | 3.762% | $880.07 |
| $45,000 – $90,000 | 3.819% | $1,719.55 |
| $90,000 – $105,000 | 3.876% | $581.40 |
Total NYC Tax: $3,846.71
Conclusion
After all taxes, including federal, state, and city income taxes, along with FICA, your take-home pay from a $105,000 salary in New York City will be $68,543.14. While this is a substantial amount, it’s important to remember that living in New York City comes with high living costs, including rent, food, transportation, and other expenses. Therefore, understanding your after-tax income is crucial for financial planning. Keep in mind that other deductions, such as health insurance premiums or retirement contributions, could further reduce your take-home pay, so it’s always a good idea to budget carefully.
