Kentucky Income Tax Calculator
Estimate your Kentucky income tax burden
Updated for 2023 tax year on Mar 01, 2023
Income tax calculators by state
Kentucky state taxes
Quick Kentucky tax facts
- State income tax: 5%
- State sales tax: 6%
- Property tax: 0.86%
- Gas tax: 26 cents per gallon
- Tobacco tax: $1.10 per pack of 20 cigarettes
- Insurance premium tax: 0.75% to 2.5%
From Wikipedia
Kentucky income taxes
In Kentucky, taxpayers experience a streamlined process, as the state employs a flat income tax rate of 5%. This means that regardless of income level, taxpayers owe the same percentage of their income to the state.
The state payroll tax, largely for unemployment insurance, varies between 0.3% and 9%. This rate fluctuates based on the employer’s experience rating, which is influenced by the number of former employees who have claimed unemployment benefits.
Kentucky offers a standard deduction for all taxpayers.
Calculate your income tax in Kentucky
Calculating your Kentucky state income tax is similar to the steps we listed on our Federal income tax calculator:
- Determine your filing status
- Work out your adjusted gross income [Gross income − Retirement contributions = Adjusted gross income]
- Calculate your state taxable income [Adjusted gross income − Standard/Itemized deductions = State taxable income]
- Figure out your state/local tax liability [State taxable income × State tax rate = State tax liability]
State income tax brackets
Refer to Tax Foundation for more details.
Tax year | Filing status | Taxable income | Rate |
---|---|---|---|
2022 2021 2020 |
Single Married, Filing Jointly or Widow(er) Married, Filing Separately Head of Household |
Any | 5% |
State standard deduction
Tax year | Filing status | Adjusted gross income | Standard deduction amount |
---|---|---|---|
2022 | Single Married, Filing Separately |
Any | $2,770 |
Married, Filing Jointly or Widow(er) Head of Household |
Any | $5,540 | |
2021 | Single Married, Filing Separately |
Any | $2,690 |
Married, Filing Jointly or Widow(er) Head of Household |
Any | $5,380 | |
2020 | Single Married, Filing Separately |
Any | $2,650 |
Married, Filing Jointly or Widow(er) Head of Household |
Any | $5,300 |
Kentucky sales tax
Kentucky levies a statewide sales tax of 6%.
Kentucky property tax
The property tax in Kentucky averages 0.86% of a home’s assessed value.
Kentucky capital gains tax
In Kentucky, capital gains are treated as regular income for tax purposes. Consequently, they’re subject to the flat state income tax rate of 5%.
Kentucky gas tax
The Bluegrass State charges a gas tax of 26 cents per gallon.
Kentucky tobacco tax
Kentucky charges a tax of $1.10 per pack of 20 cigarettes.
Kentucky insurance tax
The insurance premium tax in Kentucky varies between 0.75% to 2.5%, depending on the type of insurance.
FAQs
How do I calculate my Kentucky income tax?
Calculate your Kentucky state income tax with the following six steps:
- Determine your filing status
- Gross income − Retirement contributions = Adjusted gross income
- Adjusted gross income − Standard/Itemized deductions = State taxable income
- State taxable income × State tax rate = State tax liability
How much is $49000 a year after taxes in Kentucky?
A single filer in Kentucky will take home $38,819.50, with a income tax of $10,180.50, if he/she earns $49,000 in 2022.