New York State Standard Deduction 2024. The standard deduction, which new york has, is a deduction that is available by default to all taxpayers who do not instead choose to file an itemized deduction. In 2024, new york state income tax rates range from 4% to 10.9%, depending on your taxable income.

According to tax pros, itemizing generally only makes sense if your itemized deductions, taken together, add up to more than the current standard deduction of $13,850 for a. For individuals, the new maximum will be $14,600 for 2024, up from.