Get Nys-50-t-nys New York State Withholding Tax Tables And Methods Revised 7/21

Completing the NYS-50-T-NYS online is essential for ensuring accurate withholding tax calculations for employees in New York State. This guide provides a clear, step-by-step approach to effectively navigate and fill out the form with confidence.

Follow the steps to accurately complete the NYS-50-T-NYS form online.

1. Click the ‘Get Form’ button to obtain the NYS-50-T-NYS form and open it in your editor.
2. Review the important information section to understand any recent changes to withholding tax rates or rules as of July 1, 2021. This gives you context for the calculations you'll perform.
3. Navigate to the applicable method for your payroll period—Method I or Method II. Decide which method suits your needs best: Method I uses wage bracket tables, while Method II provides an exact calculation.
4. If using Method I, locate the appropriate table based on your payroll frequency (weekly, biweekly, semimonthly, monthly, or daily) and filing status (single or married). Input the wages and exempt amount to determine the tax to withhold.
5. If opting for Method II, start by determining the total deduction and exemption amount based on the number of exemptions claimed and the specific payroll period. Subtract this amount from the gross wages to get the net wage.
6. Find the corresponding table for the net wages and follow the instructions outlined to calculate the exact amount of tax to be withheld.
7. Complete any additional fields or sections as necessary, such as the instructions for supplemental wages if applicable.
8. Once you've ensured all information is correct, you may choose to save your changes, download, print, or share the completed form.

Complete your NYS-50-T-NYS form online today to ensure accurate withholding calculations.