New York Business Tax Calculator
Calculate corporate income tax, franchise tax, and gross receipts tax for businesses operating in New York.
Why calculating business in New York is different
New York has one of the highest tax burdens in the U.S.
State Income Tax
4% - 10.9%
Base Sales Tax
4%
State Min Wage
$16.00 / hr
Abbreviation
NY
New York Business Interactive Tool
This calculator uses the latest 2026 data for New York, including the minimum wage of $16.00 and the specific state income tax rates (4% - 10.9%).
Frequently Asked Questions about New York Business
What is the corporate tax rate in New York?
Corporate tax structures vary. In addition to potential corporate income taxes, businesses in New York must also consider unemployment insurance taxes, sales tax collection (4%), and local business licenses.
Do LLCs pay tax in New York?
LLCs are typically pass-through entities, meaning profits pass through to the owners' personal tax returns and are taxed at the personal 4% - 10.9% rate. However, New York may also impose an annual LLC franchise fee.