Individual Income Tax is due on all income earned by Kentucky residents and all income earned by nonresidents from Kentucky sources. Kentucky's individual income tax law is based on the Internal Revenue Code in effect as of December 31, 2023.

Aug 13, 2024 · Kentucky generally has a flat income tax rate for 2024 of 4.0%. Last year, the income tax rate was 4.5%. Further 0.5% reductions are possible in future years if certain revenue and budget...

11 hours ago · The new law will lower Kentucky's income tax rate from 4% to 3.5% at the start of 2026. The bill garnered bi-partisan support. "About half of their caucus voted for House Bill 1, after several ...

Kentucky is now offering KY File, a new way to file your return free of charge. It allows you to: Select the Kentucky income tax forms and schedules that you need; Fill in your tax information online; Perform basic mathematical calculations; Electronically sign and e …

FRANKFORT, Ky. (Jan. 16, 2025) — The Kentucky Department of Revenue (DOR) will begin accepting state individual income tax returns on Monday, Jan. 27, and will begin processing returns the same day. The deadline for Kentuckians to …

Jan 7, 2025 · A goal was to make Kentucky’s income tax rate more competitive with its neighbors. HB 8 cut the income tax rate from 5% to 4.5% effective Jan. 1, 2023. And it allowed for future reductions of one-half percentage point whenever the state ends a …

The Kentucky Department of Revenue is committed to helping you understand Kentucky income tax law changes, keeping you updated, and answering your questions. Links to the Income Tax Fre quently Asked Questions (FAQs) may be found at right.

11 hours ago · Kentucky’s personal income tax rate to go down after Beshear signs GOP-sponsored cut ... Kentuckians’ personal income tax rate will drop from 4% to 3.5% come Jan. 1 of next year.

Jan 1, 2025 · Find out how much you'll pay in Kentucky state income taxes given your annual income. Customize using your filing status, deductions, exemptions and more.

10 hours ago · FRANKFORT, Ky. (KT) – Fulfilling comments he made earlier, Gov. Andy Beshear has signed House Bill 1, which drops Kentucky’s income tax rate by one-half percent, to three-and-a-half percent, and was the first bill to reach his desk during the 2025 General Assembly.