2010 TaxGrams™
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State and Local Taxes
Kentucky State Tax Summary

Kentucky state tax summary, 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).

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    taxmOuth Kentucky Taxes

Kentucky Tax Contacts

Kentucky Tax FAQs

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

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

Kentucky Miscellaneous Taxes

Kentucky Pass-through Tax Treatment

Kentucky Payroll Taxes

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

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