11/29/2023 0 Comments Taxes on slot machine winningsAre Gambling Winnings Taxable In New York? Consider consulting a tax professional or accountant to avoid potential mistakes. If a filer lives in New York City, which collects its own income tax, he or she would owe an additional 3.876%.These tax calculations are estimates and rates can change. The state tax rate ranges from 4% to 8.82%, depending on your New York taxable income. Effective rate is the actual percentage you pay after deductions. Marginal tax rate is your income tax bracket. It’s possible that gambling winnings, when added to annual income, could vault some players into a higher tax bracket. The tax rate paid by New York residents is dependent on their annual income and tax bracket.
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