Kentucky State Tax Help and Forms (Subscribe)
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Kentucky tax help, forms and answers to thousands of Kentucky tax questions. Handy summary of all Kentucky taxes, including corporate and individual Kentucky income taxes, credits, exemptions, deductions and more. Includes Kentucky estate, gift and inheritance tax, miscellaneous Kentucky taxes, pass-through entity treatment, payroll taxes, property taxes and Kentucky sales & use taxes.
Kentucky ranks #20 on the State Business Tax Climate Index (TaxFoundation.org).|
Corporate Taxes
Rates & Brackets: 4%> $0 5%> $50,000 6%> $100,000 Loss Carry-back/fwd: 0 Years Back / 20 Years Forward (Unlimited) Throwback Sales?: N Foreign Tax Deductible?: N Alternative Minimum Tax (AMT): N Gross Receipts Tax: 0.095% Capital Stock (Net Worth) Tax?: N Credits and Incentives Job Credits?: Y R&D Credits?: Y Investment Credits?: Y Individual Taxes Rates & Brackets: 2%> $0 3%> $3,000 4%> $4,000 5%> $5,000 5.8%> $8,000 6%> $75,000 Local Option IT Rate: 0.76% Federal Inc used as Base?: Y Standard Deductions: Single $2,050 / Joint $2,050 Personal Exemptions/Credits (c): Single $20(c) / Joint $40(c) / Dependent $20(c) Federal Tax Deductible?: N State Tax Deductible?: Y Alternative Minimum Tax (AMT)?: N Inheritance, Gift, Estate, Death Taxes Gift Tax?: N Estate Tax?: Copies Federal Inheritance Tax?: Y Generation-Skipping Tax?: N Miscellaneous Taxes Gas Tax: 22.5 cents/gallon Diesel Tax: 19.5 cents/gallon Cigarette Tax: 60.0 cents/20 pack Pass-through Entities LLC Pass-through Recognized?: Y S-Corp Pass-through Recognized?: Y Payroll Taxes Unemployment Insurance Tax Index (TaxFoundation.org): #36 Property Taxes Median Tax Paid on Homes (Rank): $823 (#43) Median Value of Homes: $118,400 Tax as % of Home Value (Rank): 0.70% (#32) Median Income of Homeowner: $51,676 Tax as % of Income (Rank): 1.59% (#41) Sales and Use Taxes State Rate: 6.00% County & City (Weighted Ave): None Combined State and Ave. Local Rates (Rank): 6.00% (#32) General Treatment of Services: Exempt Gas Exemption: Exempt Grocery Exemption: Exempt |
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- Taxes/State and Local Taxes/State Tax Tools/State Tax FAQs/Kentucky State Tax Questions and Answers
- Taxes/State and Local Taxes/Multistate State Tax Help and Forms
Links
The Kentucky Revenue Cabinet administers the tax laws and collects tax revenue for the Commonwealth of Kentucky. Our Web site provides access to a variety of helpful info pertaining to KRC and taxation, plus publications and more.
August 1, 2002 through September 30, 2002.
