Kentucky Tax FAQs

• taxmOuth Kentucky Tax FAQs

Kentucky Tax Forms

• taxmOuth Kentucky Tax Forms

Kentucky Corporate Taxes

• taxmOuth Kentucky Corporate Taxes
• Kentucky Tax 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

Kentucky Tax Incentives and Credits

• taxmOuth Kentucky Tax Credits
• Job Credits?: Y
• R&D Credits?: Y
• Investment Credits?: Y

Kentucky Individual Income Taxes

• taxmOuth Kentucky Individual Income Taxes
• Kentucky tax rates and 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

Kentucky Estate, Gift and Inheritance Taxes

• taxmOuth Kentucky Estate and Gift Taxes
• Gift Tax?: N
• Estate Tax?: Copies Federal
• Inheritance Tax?: Y
• Generation-Skipping Tax?: N

Kentucky Miscellaneous Taxes

• taxmOuth Kentucky Miscellaneous Taxes
• Gas Tax: 22.5 cents/gallon
• Diesel Tax: 19.5 cents/gallon
• Cigarette Tax: 60.0 cents/20 pack

Kentucky Pass-through Tax Treatment

• taxmOuth Kentucky Pass-through Entity Tax
• LLC Pass-through Recognized?: Y
• S-Corp Pass-through Recognized?: Y

Kentucky Payroll Taxes

• taxmOuth Kentucky Payroll Taxes
• Unemployment Insurance Tax Index (TaxFoundation.org): #36

Kentucky Property Taxes

• taxmOuth Kentucky 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)

Kentucky Sales and Use Taxes

• taxmOuth Kentucky 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
• Gasoline: Exempt
• Groceries: Exempt