Income Tax Brackets Kentucky
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Income tax brackets kentucky. If total modified gross income is 34 248 or less for 2019 you may qualify for the kentucky family size tax credit. Both kentucky s tax brackets and the associated tax rates were last changed three years ago in 2017. The second is its inheritance tax. Kentucky income tax rate for 2019.
Both kentucky s tax brackets and the associated tax rates were last changed two years prior to 2006 in 2004. The kentucky tax rate and tax brackets tabulated below are based on income earned between january 1 2019 through december 31 2019. The kentucky income tax has one tax bracket with a maximum marginal income tax of 5 00 as of 2020. There are two unique aspects of kentucky s tax system.
Kentucky has one individual income tax bracket with a flat rate of 5. The family size tax credit is based on modified gross income and the size of the family. Detailed kentucky state income tax rates and brackets are available on this page. Kentucky is one of just six states to impose a tax on inheritances.
Kentucky has a flat income tax rate which applies to both single and joint filers. The first is local income tax rates which are collected by both counties and cities and range from 0 01 up to 2 50 of resident incomes. Both kentucky s tax brackets and the associated tax rates have not been changed since at least 2001. This means that these brackets applied to all income earned in 2001 and the tax return that uses these tax rates was due in april 2002.
This means that these brackets applied to all income earned in 2005 and the tax return that uses these tax rates was due in april 2006. The federal income tax in contrast to the kentucky income tax has multiple tax brackets with varied bracket width for single or joint filers. This means that these brackets applied to all income earned in 2018 and the tax return that uses these tax rates was due in april 2019. Both kentucky s tax brackets and the associated tax rates were last changed two years ago in 2017.
Krs 141 066 income gap tax credit. Compare your take home after tax and estimate your tax return online great for single filers married filing jointly head of household and widower.
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