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Category: Kentucky
19 Articles
Orange arrow Kentucky Filing Status

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  Filing Status 1, Single—Use this filing status if you are unmarried, divorced, widowed, legally separated by court decree, or if you filed as “Head of Household” or “Qualifying Widow(er)” on your federal return. Filing Status 2, Married Filing Separately on This Combi...
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Orange arrow Am I required to file a Kentucky Tax Return?

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  If you were a Kentucky resident for the entire year, your filing requirement depends upon your family size, modified gross income, Kentucky adjusted gross income and income from self-employment. You must file if your modified gross income exceeds the amount in Chart A and your Kentucky adjusted gro...
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Orange arrow Kentucky Nonresident and Part Year Resident

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  File Form 740-NP if you are a nonresident and: • had income from Kentucky sources. or are a part-year Kentucky resident and: • moved into or out of Kentucky during the taxable year. • had income while a Kentucky resident. • had income from Kentucky sources while a nonresiden...
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Orange arrow Kentucky Use Tax

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  If you made untaxed purchases from out-of-state retailers, the use tax line on your return should contain a number. Like every other state that has a sales tax, Kentucky has a use tax that requires that out-of-state purchases of tangible personal property, digital property and extended warranties ...
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Orange arrow Kentucky Payment Options

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  Your 2018 individual income tax liability may be paid using any of the following options: • Form EPAY (42A740), if supported by your software vendor, may be used to make an electronic payment of tax due separately from filing your tax return. Refer to the Form EPAY (42A740) instructions for a...
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Orange arrow Kentucky Political Party Fund

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  You may designate $2 of your taxes to either the Democratic or Republican party if you have a tax liability of at least $2 ($4 for married persons filing joint returns). Fifty cents will be paid to the corresponding political organization in your county of residence and the remainder will be paid t...
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Orange arrow Kentucky Contributions

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  Donations to the following funds are voluntary and amounts donated will reduce your refund. You may contribute all or a portion of your overpayment to one or more of the following funds. Enter the amount you wish to contribute on the appropriate lines. Nature and Wildlife Fund—Contributions...
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Orange arrow Do I owe Kentucky Use Tax?

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  If you made untaxed purchases from out-of-state retailers, the use tax line on your return should contain a number. Like every other state that has a sales tax, Kentucky has a use tax that requires that out-of-state purchases of tangible personal property, digital property and extended warranti...
Posted in: States, Kentucky

Orange arrow Kentucky Use Tax Entry

1026 views
  If you made untaxed purchases from out-of-state retailers, the use tax line on your return should contain a number. Like every other state that has a sales tax, Kentucky has a use tax that requires that out-of-state purchases of tangible personal property, digital property and extended warranties ...
Posted in: States, Kentucky

Orange arrow Kentucky Dividing the Credits

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  Dividing the Credits. Each taxpayer must claim all of his or her own tax credits including the credits for age and blindness. Therefore, if married, each spouse must claim at least one credit. However, spouses may divide tax credits for dependents, or one spouse may claim all dependent credits and ...
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Orange arrow How do I file a Kentucky amended return?

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  If you discover that you omitted deductions or otherwise improperly prepared your return, you may obtain a refund by filing an amended return within four years of the due date of the original return. You are required to file an amended return to report omitted income. You may obtain Form 740-X by c...
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Orange arrow Kentucky National Guard Members

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  Military Personnel—MILITARY PAY EXCLUSION—Effective for taxable years beginning on or after January 1, 2010, all military pay received by active duty members of the Armed Forces of the United States, members of reserve components of the Armed Forces of the United States, and members of ...
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Orange arrow Kentucky State Subtractions

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  -Enter the amount of taxable state income tax refund or credit reported on your federal return and included as income on Form 740, page 1, line 5. -Enter interest income from U.S. government bonds and securities. Do not include taxable interest from securities, such as FNMA (Fannie Mae), GNMA (...
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Orange arrow Kentucky Pension Subtraction

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  -Pension Income Exclusion—The 2018 exclusion amount is 100 percent of taxable retirement benefits or $31,110, whichever is less. All pension and retirement income paid under a written retirement plan (qualified or unqualified) is eligible for exclusion. This includes pensions, annuities, IRA ...
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Orange arrow I owe tax to Kentucky. What are my payment options?

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  Your 2018 individual income tax liability may be paid using any of the following options: • Form EPAY (42A740), if supported by your software vendor, may be used to make an electronic payment of tax due separately from filing your tax return. Refer to the Form EPAY (42A740) instructions for a...
Posted in: States, Kentucky


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