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January 15, 2024
Question

NY Unincorporated Income Tax

  • January 15, 2024
  • 1 reply
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This is my first year as a self-employed freelancer. I do NOT live or work in NYC. (I live in Yonkers) Do I owe UBT?

    1 reply

    January 15, 2024

    No, the Unincorporated Business Tax (UBT) is specific to New York City. If you didn't live or work in New York City, you don't owe that tax. 

     

    Of course, your profit from freelancing will be included in your income, and is taxable by New York State and Yonkers. 

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    NancylynAuthor
    January 15, 2024

    Thank you Julie!

    Turbo Tax keeps taking me back to that section as incomplete but I couldn't understand how it applied to me. Thanks for the confirmation.