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NYC Mayor Zohran Mamdani Releases 2025 Tax Return Showing $143,000 Income and $7,011 Refund

The move spotlights a transparency pledge during his push to tax second homes over $5 million.

Overview

  • The tax return, shared with reporters on Thursday, showed a joint 2025 income of about $143,000 and a $7,011 refund.
  • It lists $131,296 from his New York Assembly salary, $1,643 in rap royalties, and only small investment income such as $119 in interest and $117 in dividends.
  • The couple used the standard deduction, so the filing did not show any charitable donations.
  • The release lands as he promotes a levy on second homes worth more than $5 million, which he highlighted outside billionaire Ken Griffin’s Central Park penthouse.
  • Next year’s filing will reflect his $258,750 mayoral salary and his move into the city’s official residence, Gracie Mansion.