The new individual income tax rate for 2023 has also been established to be 4.5. What is the most important reason for that score (optional) Kentucky Paycheck Calculator. After adjusting for inflation, the standard deduction for 2023 is 2,980, an increase of 210. In addition to information about Kentucky's income tax brackets, provides a total of 130 Kentucky income tax forms, as well as many federal income tax forms. (September 21, 2022) Each year, the Kentucky Department of Revenue (DOR) calculates the individual standard deduction in accordance with KRS 141.081. Other Kentucky Individual Income Tax Forms: The maximum Earned Income Tax Credit (EITC) in 2021 for single and joint filers is 1502, if the filer has no qualifying children (Table 5). We will update this page with a new version of the form for 2025 as soon as it is made available by the Kentucky government. This form is for income earned in tax year 2023, with tax returns due in April 2024. We last updated Kentucky Schedule P in January 2024 from the Kentucky Department of Revenue. FREE for simple returns, with discounts available for users! File your Kentucky and Federal tax returns online with TurboTax in minutes. EFiling is easier, faster, and safer than filling out paper tax forms.
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