New York Standard Deduction 2024. This means that when calculating new york taxes, you should first subtract. New york state has a progressive income tax system, which means that the more income you earn, the higher your tax rate.

For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for. The standard deduction, which reduces the amount of income you must pay taxes on, is claimed by a majority of taxpayers.