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CPA Practice Advisor · Apr 14, 2026

Number of Millionaire Taxpayers Jumped in New York in 2024

Tax Brief summary and classification of the original reporting.

Bottom Line

💡 Number of Millionaire Taxpayers Jumped in New York in 2024. General industry update.

Summary

Millionaires accounted for fewer than 1% of all taxpayers in New York in 2024, according to the state. But they paid more than 44% of all personal income taxes.

Classification

Category: backgroundPriority: informationalReason: General tax news

Applies To

1040state

Affected Groups

Individual return preparers, State and local tax specialists

Original Source

We aggregate public tax updates and provide AI-assisted summaries. Please read the original reporting for full details.

Read original article