Kentucky Income Tax Guide for 2024
Overview
Kentucky has a flat income tax rate of 4%. Capital gains are taxed as ordinary income. The state offers a standard deduction of $3,160 for single filers.
Income Tax Rates
Single Filers
| Income Range | Tax Rate |
|---|---|
| All income | 4% |
Married Filing Jointly
| Income Range | Tax Rate |
|---|---|
| All income | 4% |
Capital Gains Tax
Capital gains are taxed at the same rates as ordinary income.
Deductions & Exemptions
| Type | Amount |
|---|---|
| Standard Deduction (Single) | $3,160 |
| Standard Deduction (Married Filing Jointly) | $6,320 |
Additional Information
- Flat 4.0% rate for tax year 2024, reduced from 4.5% for tax year 2023
- Standard deduction is inflation-indexed annually under KRS 141.081(2)(a); $3,160 per taxpayer for 2024
- First $31,110 of retirement income exempt
Charts
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Sources
The 2024 figures for Kentucky on this page were compiled from the following official government publications:
- 2024 Kentucky Withholding Tax Formula (42A003) - Kentucky Department of Revenue
- DOR Announces Updates to Individual Income Tax for 2024 Tax Year - Kentucky Department of Revenue
- 2024 Withholding Kentucky Income Tax - withholding tax tables and computer formula (42A003(T)) - Kentucky Department of Revenue
- Individual Income Tax (Kentucky Department of Revenue) - pension income exclusion
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