New York has a state income tax — and if you live in New York City or Yonkers, a local one too — so tax time here means returns that have to line up carefully. Compass Tax Center handles your federal, state, and city returns together, personally, year-round, and 100% virtually. From the five boroughs to Buffalo, we're a secure upload and a phone call away.
A federal return and a New York return, prepared together so they agree and you claim every credit you're owed. And if you live in New York City or Yonkers, there's a city income tax on top — we handle that piece too.
Two returns instead of one — plus a possible city piece — means more places to save and more places to slip up. We handle the whole picture, and we're here after April, too.
New York's state income tax is graduated and climbs to about 10.9% at the top. On top of that, if you live in New York City or Yonkers, you owe a separate local income tax — so a city resident is effectively taxed at three levels: federal, state, and city.
That layering is easy to get wrong. We make sure the city piece is handled correctly, your residency is right, and all your returns agree — especially if you moved into or out of the city during the year.
New York's income taxes get the attention, but a couple of other taxes matter too — including an estate tax with a tricky “cliff.” If any of these are you, they're firmly in our wheelhouse.
You don't need a tax office down the block — you need the right person handling all your returns. Everything we do is secure and fully virtual, so working with us is exactly as easy from Montauk as it is from Manhattan. And since we serve all 50 states, if life moves you out of New York, your tax help doesn't have to change.
Start now or book a free consultation. We're here year-round — for tax season and everything after it.