New York State franchise tax, the PTET election, filing fees, sales tax and payroll, plus New York City's Business Corporation Tax and Unincorporated Business Tax, with deadlines calculated for your year-end.
A few quick questions. Your deadlines update instantly below.
Withholding, wage reporting and unemployment insurance are reported together, due the last day of the month after each quarter. Details →
Partnerships with New York source income file IT-204 by the 15th day of the 3rd month. Details →
The election is made online by March 15 (March 16, 2026 for tax year 2026) and is irrevocable for the year. Details →
Employers in the 12-county MCTD with quarterly payroll above $312,500 pay the Metropolitan Commuter Transportation Mobility Tax. Details →
Corporations and LLCs file a biennial statement ($9) in the calendar month of formation. Details →
New York taxes corporations under Article 9-A (the corporate franchise tax). Partnerships and LLCs file information returns and pay a filing fee, and owners pay personal income tax.
Tax is the highest of the business income base, the capital base or a fixed dollar minimum of $25 to $200,000 depending on New York receipts. The business income rate is 6.5%, or 7.25% when business income exceeds $5 million (tax years 2021–2026). A 30% MTA surcharge applies to business in the Metropolitan Commuter Transportation District.
Required if expected tax exceeds $1,000. New York changed its mandatory first installment and estimated tax rules for tax years beginning on or after January 1, 2026, so confirm the required amounts for your corporation.
Federal S corporations must also elect New York S status (Form CT-6). They pay only a fixed dollar minimum, up to $4,500 based on New York receipts. Income passes through to shareholders.
Partnerships with New York source income file IT-204 by the 15th day of the 3rd month. LLCs and LLPs also pay an annual filing fee of $25 to $4,500 based on New York source gross income.
Sole proprietors report on the owner's personal return. A single-member LLC with New York source income also files IT-204-LL and pays the filing fee.
Partnerships and New York S corporations can opt in to New York State PTET each year. NYC PTET is available on top of it.
The election is made online by March 15 (March 16, 2026 for tax year 2026) and is irrevocable for the year. State rates are graduated from 6.85% to 10.9%. Quarterly estimated payments follow. NYC PTET requires the state election first.
Every state deadline in this guide on one page, ready to print or add to your calendar.
Businesses operating in the five boroughs pay city tax on top of state tax.
C corporations pay 8.85% of allocated business income, with reduced rates for qualifying small businesses. NYC does not recognize the S election, so S corporations also pay the city's General Corporation Tax.
Partnerships, LLCs and sole proprietors pay 4% of city business income above exemptions and credits. Small filers often owe little or nothing, but filing thresholds apply.
The state rate is 4%. Local rates bring the combined rate up to 8.875% in New York City.
New York's sales tax quarters end in February, May, August and November. Returns are due the 20th of the following month, even if you had no sales. Monthly and annual filers have different dates.
Withholding, wage reporting and unemployment insurance are combined on one quarterly return.
Withholding, wage reporting and unemployment insurance are reported together, due the last day of the month after each quarter.
Employers in the 12-county MCTD with quarterly payroll above $312,500 pay the Metropolitan Commuter Transportation Mobility Tax. Self-employed individuals with MCTD earnings over $50,000 also pay it.
New York requires periodic Department of State filings and a one-time publication for new LLCs.
Corporations and LLCs file a biennial statement ($9) in the calendar month of formation. New LLCs must also publish notice of formation within 120 days.
Exempt organizations still have state filings with the Tax Department and the Attorney General.
Registered charities file CHAR500 with the Attorney General within 4.5 months of year-end, with a review or audit report depending on revenue. Sales tax exemption requires an Exempt Organization Certificate (Form ST-119). See our New York Nonprofit Guide for thresholds.
Yes. Corporations pay a fixed dollar minimum based on New York receipts, and LLCs pay the IT-204-LL filing fee, both even in loss years.
Yes. NYC businesses pay state franchise or personal income tax plus the city's Business Corporation Tax or UBT.
March 15 of the tax year (March 16, 2026 for tax year 2026). There is no late election.
Download the New York Business Tax Calendar (PDF).
Greywood CPA prepares state returns, PTET elections and payroll filings for businesses and nonprofits in New York, with fixed, transparent pricing.
See our New York servicesThis guide is general information as of October 2026 and is not tax advice. Rates, thresholds and deadlines change, and local taxes vary. Federal deadlines are not shown. Confirm your obligations with a CPA before filing.