by John Darer® CLU ChFC MSSC CeFT RSP CLTC
Single Tax Filers
|
Taxable Income Range
|
Tax Rate
|
|---|---|
|
$0 – $8,500
|
4%
|
|
$8,501 – $11,700
|
4.5%
|
|
$11,701 – $13,900
|
5.25%
|
|
$13,901 – $80,650
|
5.5%
|
|
$80,651 – $215,400
|
6%
|
|
$215,401 – $323,200
|
6.85%
|
|
$323,201 – $2,155,350
|
9.65%
|
|
$2,155,351 – $5,000,000
|
10.3%
|
|
Over $5,000,001
|
10.9%
|
Married Filing Taxes Jointly or Qualifying Surviving Spouse
|
Taxable Income Range
|
Tax Rate
|
|---|---|
|
$0 – $17,150
|
4%
|
|
$17,151 – $23,600
|
4.5%
|
|
$23,601 – $27,900
|
5.25%
|
|
$27,901 – $161,550
|
5.5%
|
|
$161,551 – $323,200
|
6%
|
|
$323,201 – $2,155,350
|
6.85%
|
|
$2,155,351 – $5,000,000
|
9.65%
|
|
$5,000,001 – $25,000,000
|
10.3%
|
|
Over $25,000,001
|
10.9%
|
Official Release: The New York State Department of Taxation and Finance typically issues updated tax tables and brackets in late 2025 or early 2026. Visit www.tax.ny.gov for the most recent information.
Tax increases increase the intrinsic value of non qualified structured settlements as a tool for resolution of employment cases
Employment claims include, but are not limited to, wrongful termination, sexual harassment, failure to promote, qui tam. In addition divorce, structured attorney fees and other settlements which where a non qualified assignment may be used.
New York based celebrities, athletes, actors and actresses may have more incentive to structure their endorsement fees.
Other factors which should stimulate use of non qualified assignments are:
- Inevitable federal tax increases
- Proposed end to sliding scale attorney fees in medical malpractice cases in New York, if enacted.
Last updated August 18, 2025
