USA State Taxes
KENTUCKY (KY)
STATE INCOME TAX (SIT)
| Description | Amount | Effective Date | Website | Deposit Method / Frequency / Threshold | Forms |
|---|---|---|---|---|---|
| Wage Withholding | 4.0% | 2024 |
Kentucky Department of Revenue - Withholding Tax Instructions for Employers & Tax tables
Register online for user account at One Stop Business Portal |
Twice Monthly $50,000.01 + (Oct - Sept prior year) Due 25th and 10th of following month. K3 for last reporting period of year. Monthly $2,000 - $49,999 Due 15th of following month. First 11 months K1, 12th month K3. Quarterly $400 - $1,999 Due last day of month following quarter K1 first 3 quarters, K3 last quarter. Annually < $400 Due by 31-Jan. Online filing: Kentucky Online Gateway (KOGS) |
Withholding Tax Instructions for Employers and Forms
K1 & K3 filed on line or forms sent to employer.
Withholding Exemption Certificate - K-4
|
| Supplemental Wage / Bonus Rate | 4.0% | 2024 |
| Notes: | Regardless of the reporting and payment frequency, returns issued to employers must be filed even though no Kentucky income tax was withheld during that period. Kentucky has a reciprocal agreement with IL, IN, MI, OH, VA, WV & WI. |
STATE UNEMPLOYMENT INSURANCE (SUI)
| Description | Amount | Effective Date | Website | Deposit Method / Frequency / Threshold | Forms |
|---|---|---|---|---|---|
| Maximum Taxable Earnings | $11,400 | Increased from $11,100 in 2023 |
Kentucky Office of Employment of Revenue - Register and Submit Reports
|
Quarterly EFT - 10 or more employees Online reporting |
UI-3 |
| Employee Deduction | None | ||||
|
Employer Tax Rate (plus Service Capacity Upgrade Funds of 0.075%) |
0.225 - 8.925% | 2024 | |||
|
New Employment Rate - Standard |
2.625% | Decreased from 2.7% in 2023 | |||
| Voluntary Contribution Permitted | Yes |
NEW HIRE REPORTING
| Website | Frequency / Method | Forms |
|---|---|---|
| New Hire |
Same as federal requirements. |
Forms |
LOCAL WITHHOLDING TAXES
| Description | Amount | Website | Deposit Method / Frequency / Threshold | Forms |
|---|---|---|---|---|
| Occupational License Tax | Varies depending on tax district. | Kentucky One Stop Business Portal - (KOGS) | See website link |
WEBSITES
Disclaimer: This information is for reference only. To ensure accurate set up, we highly recommend that the information is verified with the applicable federal and state/provincial agencies. TimeTrex makes no claims, guarantees, or promises about the accuracy, current status, or completeness of the information provided. In no event shall TimeTrex be liable for any errors or omissions with respect to any resource information.
Last updated Jan 2024