Kentucky Paycheck Calculator

Calculate your take-home pay after federal & Kentucky taxes

Updated for 2024 tax year on Feb 14, 2024

What was updated? 2024 federal income tax, FICA & standard deduction

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Paycheck calculator for Kentucky

Overview of Kentucky

Kentucky has a population of over 4 million (2019) and is known for horse racing, moonshine, and Kentucky Fried Chicken. The median household income is $48,375 (2017).

Brief summary:

  • the income tax is a flat rate of 4.5%
  • no state payroll tax
  • has state-level standard deduction
  • no state-level exemptions
Kentucky United States

Understanding your Kentucky paycheck

Every time you receive your paycheck, you may wonder, “Where does all my money go?” Understanding your Kentucky paycheck is essential to managing your finances effectively. Let’s look at the components that make up your paycheck.

First, let’s talk about federal income taxes and FICA taxes. The federal government imposes income tax on your earnings, which is determined by your annual income and filing status. FICA taxes, including Social Security and Medicare taxes, are deducted from your paycheck to fund these federal programs. Both employers and employees contribute to these taxes, with self-employed individuals paying both the employer and employee portions.

The Form W-4 plays a crucial role in determining how much federal income tax is withheld from your paycheck. When you start a new job or have significant life changes, it’s essential to fill out a new Form W-4 to ensure the appropriate amount of tax is withheld. Additionally, your pay frequency (weekly, bi-weekly, or monthly) can also impact the size of your paycheck.

Your marital status and pre-tax deductions also affect your paycheck. Pre-tax deductions, such as health insurance premiums, retirement contributions, and flexible spending accounts, can lower your taxable income. This will result in less federal income tax withheld from your paycheck.

In Kentucky, the income tax is a flat rate of 5%. There is no state payroll tax or local income tax. The state imposes a flat tax rate on all taxable income. While there is a state standard deduction in Kentucky, personal exemptions are not available.

Finally, post-tax deductions are taken from your paycheck after taxes have been calculated. These deductions may include life insurance premiums, union dues, or charitable contributions. Keeping track of your post-tax deductions can help you better understand your overall financial picture.

Calculate your Kentucky paycheck

Calculating your Kentucky state income tax is similar to the steps we listed on our Federal paycheck calculator:

  1. Determine your gross income
    • Annual salary
      Annual salary = Gross income
    • Hourly wage
      Hourly wage × Hours worked per day × Days worked per week × Weeks worked per year = Your weekly paycheck
  2. Work out your total federal income tax
    1. Gross income adjusted
      Gross income − Pre-tax deductions = Gross income adjusted
    2. Federal taxable income
      Gross income adjusted − Federal standard/itemized deductions = Federal taxable income
    3. Federal income tax liability
      Federal taxable income × Federal income tax rate = Federal income tax liability
    4. Federal payroll tax liability
      Gross income adjusted × Federal payroll tax rate = Federal payroll tax liability
  3. Calculate your total Kentucky state income tax
    1. State taxable income
      Gross income adjusted − State standard/itemized deductions = State taxable income
    2. State income tax liability
      State taxable income × State income tax rate = State income tax liability
  4. Figure out your net pay
    Gross income − (Total income tax liability + Total payroll tax liability + Total pre-tax deductions + Total post-tax deductions + Total withholdings) = Your net pay
  5. Divide your net pay by your pay frequency
    • Daily
      Your net pay / Days worked per week / Weeks worked per year = Your daily paycheck
    • Weekly
      Your net pay / 52 = Your weekly paycheck
    • Bi-weekly
      Your net pay / 26 = Your bi-weekly paycheck
    • Semi-monthly
      Your net pay / 24 = Your semi-monthly paycheck
    • Monthly
      Your net pay / 12 = Your monthly paycheck
    • Quarterly
      Your net pay / 4 = Your quarterly paycheck
    • Semi-annual
      Your net pay / 2 = Your semi-annual paycheck
    • Annual
      Your net pay = Your annual paycheck

State payroll tax

There is no state-level payroll tax.

State income tax brackets

Refer to Tax Foundation for more details.

Tax year Filing status Taxable income Rate
2023 Single
Married, Filing Jointly or Widow(er)
Married, Filing Separately
Head of Household
Any 4.5%
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 Standard deduction amount
2023 Single
Married, Filing Separately
$2,980
Married, Filing Jointly or Widow(er)
Head of Household
$5,960
2022 Single
Married, Filing Separately
$2,770
Married, Filing Jointly or Widow(er)
Head of Household
$5,540
2021 Single
Married, Filing Separately
$2,690
Married, Filing Jointly or Widow(er)
Head of Household
$5,380
2020 Single
Married, Filing Separately
$2,650
Married, Filing Jointly or Widow(er)
Head of Household
$5,300

State exemptions

There are no state-level exemptions.

FAQs

What taxes do Kentuckians pay?

The state-level income tax is a flat rate of 4.5%, regardless of your filing status.

How much do you make after taxes in Kentucky?

A single filer making $49,000 annually will take home $39,182.60 after tax.
For a married couple with a combined annual income of $98,000, the take-home pay is $78,365.20.

How much taxes are deducted from a $49,000 paycheck in Kentucky?

The total taxes deducted for a single filer are $818.12 monthly or $377.59 bi-weekly.