To ask your employer to withhold an additional amount each pay period, complete lines 3, 4, and 5 on Form IT-2104, as applicable. Your W-2 is a record of your earnings and tax withheld for the year.You use information found on your W-2 to file your federal, state, and local tax returns. To claim exempt status, you must meet certain conditions and submit a new Form W-4 and a notarized, unaltered Withholding Certificate Affirmation each year. New York's local and state minimum wage guidelines, frequently asked questions, and resources for navigating local and state taxes. Employers may withhold up to 60 cents per week from your pay to cover the cost of benefits. Benefits are subject to Social Security and tax withholding, and may not exceed 26 weeks during a 52 consecutive week period. New York has some of the highest sales and property tax rates in the country, though rates vary depending on where you live within the state. Click below for up-to-date forms and documents for use in submitting address or name changes, W4 forms for adjusting withholding status when needed. The Wage and Hour Division (WHD) enforces key labor laws to protect workers' rights.