topic Re: My Kentucky family size tax credit is 1, my federal adjusted gross income is equal to my Kentucky adusted gross income which is $14,416.00 what is my family size credit in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/re-my-kentucky-family-size-tax-credit-is-1-my-federal-adjusted-gross-income-is-equal-to-my-kentucky/01/1702790#M606331 <P><LI-USER uid="1888729"></LI-USER>&nbsp;</P><P>&nbsp;</P><P>The instructions are published&nbsp;on page 21 of&nbsp;<A href="https://revenue.ky.gov/Forms/2019%20740(P)%20Instructions%20only_FINAL_rev%[social security number removed].pdf" target="_blank">https://revenue.ky.gov/Forms/2019%20740(P)%20Instructions%20only_FINAL_rev%[social security number removed].pdf</A></P><P>&nbsp;</P><P>About your case:</P><P><SPAN>&gt; adjusted gross income is $28,000 and family size is 1</SPAN></P><P><SPAN>&gt;&nbsp;If my tax amount is 1472 on line19. My family size is 1..is that 40% as well?.</SPAN></P><P>&nbsp;</P><P><SPAN>Use your adjusted gross income ($28,000) and family size to look up the percent in the "Family Size Table" :page 2 of&nbsp;</SPAN><SPAN><A href="https://revenue.ky.gov/Forms/Schedule%20ITC%20-2019.2.pdf" target="_blank">https://revenue.ky.gov/Forms/Schedule%20ITC%20-2019.2.pdf&nbsp;</A></SPAN></P><P>&nbsp;</P><P><SPAN><span class="lia-inline-image-display-wrapper lia-image-align-inline" image-alt="Screenshot from 2020-08-02 13-38-04.png" style="width: 744px;"><img src="https://ttlc.intuit.com/community/image/serverpage/image-id/11837iF832241DA5EC0872/image-size/large?v=1.0&amp;px=999" title="Screenshot from 2020-08-02 13-38-04.png" alt="KY Family Size Table, 2019" /><span class="lia-inline-image-caption" onclick="event.preventDefault();">KY Family Size Table, 2019</span></span></SPAN></P><P>&nbsp;</P><P><SPAN>Your percentage is 0%, and your Income Gap Credit is $0</SPAN></P> Sun, 02 Aug 2020 18:40:23 GMT SkipSkapper 2020-08-02T18:40:23Z My Kentucky family size tax credit is 1, my federal adjusted gross income is equal to my Kentucky adusted gross income which is $14,416.00 what is my family size credit https://ttlc.intuit.com/community/taxes/discussion/my-kentucky-family-size-tax-credit-is-1-my-federal-adjusted-gross-income-is-equal-to-my-kentucky/01/427446#M176110 Tue, 04 Jun 2019 21:33:39 GMT https://ttlc.intuit.com/community/taxes/discussion/my-kentucky-family-size-tax-credit-is-1-my-federal-adjusted-gross-income-is-equal-to-my-kentucky/01/427446#M176110 holdenkellyshort 2019-06-04T21:33:39Z It depends.  Kentucky's family size tax credit is not exp... https://ttlc.intuit.com/community/taxes/discussion/it-depends-kentucky-s-family-size-tax-credit-is-not-exp/01/427454#M176116 <P><B>It depends. &nbsp;</B>Kentucky's family size tax credit is not expressed in an amount but in a percentage. &nbsp;If you are declaring&nbsp;<I>by yourself</I>, your family size tax credit is 40% of the amount of KY tax calculated for your income. &nbsp;Thus, if your KY tax were $500 on your income, you receive a credit of $200 and your total KY tax is $300. &nbsp;Your refund will be the amount of KY tax you have paid in minus $300. &nbsp;<BR /></P><P>However, if it is you and a child, your Family Size tax credit is 100%. &nbsp;You would not owe KY state tax and would get a refund for all that you pay in. &nbsp;And even if you are not claiming other children on your tax return, you may still claim children&nbsp;<I>living with you</I> for the purpose of this credit. &nbsp;They do have to be children that essentially qualify for earned income credit for this to be the case.</P><P>Please see the following link for more information: &nbsp;<A href="http://revenue.ky.gov/Forms/2016_42A740(PKT).pdf" rel="nofollow" target="_blank">http://revenue.ky.gov/Forms/2016_42A740(PKT).pdf</A> (pages 12 and 13 of document)</P> Tue, 04 Jun 2019 21:33:40 GMT https://ttlc.intuit.com/community/taxes/discussion/it-depends-kentucky-s-family-size-tax-credit-is-not-exp/01/427454#M176116 DanielV01 2019-06-04T21:33:40Z Re: My Kentucky family size tax credit is 1, my federal adjusted gross income is equal to my Kentucky adusted gross income which is $14,416.00 what is my family size credit https://ttlc.intuit.com/community/taxes/discussion/re-my-kentucky-family-size-tax-credit-is-1-my-federal-adjusted-gross-income-is-equal-to-my-kentucky/01/1421063#M516564 <P>So what if my adjusted gross income is $28,000 and family size is 1. Is it still 40%</P> Tue, 07 Apr 2020 18:48:05 GMT https://ttlc.intuit.com/community/taxes/discussion/re-my-kentucky-family-size-tax-credit-is-1-my-federal-adjusted-gross-income-is-equal-to-my-kentucky/01/1421063#M516564 Buddyhusky 2020-04-07T18:48:05Z Re: My Kentucky family size tax credit is 1, my federal adjusted gross income is equal to my Kentucky adusted gross income which is $14,416.00 what is my family size credit https://ttlc.intuit.com/community/taxes/discussion/re-my-kentucky-family-size-tax-credit-is-1-my-federal-adjusted-gross-income-is-equal-to-my-kentucky/01/1421101#M516569 <P>Actually wrong question. If my tax amount is 1472 on line19. My family size is 1..is that 40% as well?. Whatever happened to getting forms in an instruction book??</P> Tue, 07 Apr 2020 18:53:12 GMT https://ttlc.intuit.com/community/taxes/discussion/re-my-kentucky-family-size-tax-credit-is-1-my-federal-adjusted-gross-income-is-equal-to-my-kentucky/01/1421101#M516569 Buddyhusky 2020-04-07T18:53:12Z Re: My Kentucky family size tax credit is 1, my federal adjusted gross income is equal to my Kentucky adusted gross income which is $14,416.00 what is my family size credit https://ttlc.intuit.com/community/taxes/discussion/re-my-kentucky-family-size-tax-credit-is-1-my-federal-adjusted-gross-income-is-equal-to-my-kentucky/01/1702790#M606331 <P><LI-USER uid="1888729"></LI-USER>&nbsp;</P><P>&nbsp;</P><P>The instructions are published&nbsp;on page 21 of&nbsp;<A href="https://revenue.ky.gov/Forms/2019%20740(P)%20Instructions%20only_FINAL_rev%[social security number removed].pdf" target="_blank">https://revenue.ky.gov/Forms/2019%20740(P)%20Instructions%20only_FINAL_rev%[social security number removed].pdf</A></P><P>&nbsp;</P><P>About your case:</P><P><SPAN>&gt; adjusted gross income is $28,000 and family size is 1</SPAN></P><P><SPAN>&gt;&nbsp;If my tax amount is 1472 on line19. My family size is 1..is that 40% as well?.</SPAN></P><P>&nbsp;</P><P><SPAN>Use your adjusted gross income ($28,000) and family size to look up the percent in the "Family Size Table" :page 2 of&nbsp;</SPAN><SPAN><A href="https://revenue.ky.gov/Forms/Schedule%20ITC%20-2019.2.pdf" target="_blank">https://revenue.ky.gov/Forms/Schedule%20ITC%20-2019.2.pdf&nbsp;</A></SPAN></P><P>&nbsp;</P><P><SPAN><span class="lia-inline-image-display-wrapper lia-image-align-inline" image-alt="Screenshot from 2020-08-02 13-38-04.png" style="width: 744px;"><img src="https://ttlc.intuit.com/community/image/serverpage/image-id/11837iF832241DA5EC0872/image-size/large?v=1.0&amp;px=999" title="Screenshot from 2020-08-02 13-38-04.png" alt="KY Family Size Table, 2019" /><span class="lia-inline-image-caption" onclick="event.preventDefault();">KY Family Size Table, 2019</span></span></SPAN></P><P>&nbsp;</P><P><SPAN>Your percentage is 0%, and your Income Gap Credit is $0</SPAN></P> Sun, 02 Aug 2020 18:40:23 GMT https://ttlc.intuit.com/community/taxes/discussion/re-my-kentucky-family-size-tax-credit-is-1-my-federal-adjusted-gross-income-is-equal-to-my-kentucky/01/1702790#M606331 SkipSkapper 2020-08-02T18:40:23Z
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topic Re: My Kentucky family size tax credit is 1, my federal adjusted gross income is equal to my Kentucky adusted gross income which is $14,416.00 what is my family size credit in Get your taxes done using TurboTax
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https://ttlc.intuit.com/community/taxes/discussion/re-my-kentucky-family-size-tax-credit-is-1-my-federal-adjusted-gross-income-is-equal-to-my-kentucky/01/1702790#M606331
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<P><LI-USER uid="1888729"></LI-USER>&nbsp;</P><P>&nbsp;</P><P>The instructions are published&nbsp;on page 21 of&nbsp;<A href="https://revenue.ky.gov/Forms/2019%20740(P)%20Instructions%20only_FINAL_rev%[social security number removed].pdf" target="_blank">https://revenue.ky.gov/Forms/2019%20740(P)%20Instructions%20only_FINAL_rev%[social security number removed].pdf</A></P><P>&nbsp;</P><P>About your case:</P><P><SPAN>&gt; adjusted gross income is $28,000 and family size is 1</SPAN></P><P><SPAN>&gt;&nbsp;If my tax amount is 1472 on line19. My family size is 1..is that 40% as well?.</SPAN></P><P>&nbsp;</P><P><SPAN>Use your adjusted gross income ($28,000) and family size to look up the percent in the "Family Size Table" :page 2 of&nbsp;</SPAN><SPAN><A href="https://revenue.ky.gov/Forms/Schedule%20ITC%20-2019.2.pdf" target="_blank">https://revenue.ky.gov/Forms/Schedule%20ITC%20-2019.2.pdf&nbsp;</A></SPAN></P><P>&nbsp;</P><P><SPAN><span class="lia-inline-image-display-wrapper lia-image-align-inline" image-alt="Screenshot from 2020-08-02 13-38-04.png" style="width: 744px;"><img src="https://ttlc.intuit.com/community/image/serverpage/image-id/11837iF832241DA5EC0872/image-size/large?v=1.0&amp;px=999" title="Screenshot from 2020-08-02 13-38-04.png" alt="KY Family Size Table, 2019" /><span class="lia-inline-image-caption" onclick="event.preventDefault();">KY Family Size Table, 2019</span></span></SPAN></P><P>&nbsp;</P><P><SPAN>Your percentage is 0%, and your Income Gap Credit is $0</SPAN></P>
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<pubDate>Sun, 02 Aug 2020 18:40:23 GMT</pubDate>
<dc:creator>SkipSkapper</dc:creator>
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My Kentucky family size tax credit is 1, my federal adjusted gross income is equal to my Kentucky adusted gross income which is $14,416.00 what is my family size credit
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https://ttlc.intuit.com/community/taxes/discussion/my-kentucky-family-size-tax-credit-is-1-my-federal-adjusted-gross-income-is-equal-to-my-kentucky/01/427446#M176110
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<dc:creator>holdenkellyshort</dc:creator>
<dc:date>2019-06-04T21:33:39Z</dc:date>
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It depends.  Kentucky's family size tax credit is not exp...
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https://ttlc.intuit.com/community/taxes/discussion/it-depends-kentucky-s-family-size-tax-credit-is-not-exp/01/427454#M176116
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<P><B>It depends. &nbsp;</B>Kentucky's family size tax credit is not expressed in an amount but in a percentage. &nbsp;If you are declaring&nbsp;<I>by yourself</I>, your family size tax credit is 40% of the amount of KY tax calculated for your income. &nbsp;Thus, if your KY tax were $500 on your income, you receive a credit of $200 and your total KY tax is $300. &nbsp;Your refund will be the amount of KY tax you have paid in minus $300. &nbsp;<BR /></P><P>However, if it is you and a child, your Family Size tax credit is 100%. &nbsp;You would not owe KY state tax and would get a refund for all that you pay in. &nbsp;And even if you are not claiming other children on your tax return, you may still claim children&nbsp;<I>living with you</I> for the purpose of this credit. &nbsp;They do have to be children that essentially qualify for earned income credit for this to be the case.</P><P>Please see the following link for more information: &nbsp;<A href="http://revenue.ky.gov/Forms/2016_42A740(PKT).pdf" rel="nofollow" target="_blank">http://revenue.ky.gov/Forms/2016_42A740(PKT).pdf</A> (pages 12 and 13 of document)</P>
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<pubDate>Tue, 04 Jun 2019 21:33:40 GMT</pubDate>
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<dc:creator>DanielV01</dc:creator>
<dc:date>2019-06-04T21:33:40Z</dc:date>
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Re: My Kentucky family size tax credit is 1, my federal adjusted gross income is equal to my Kentucky adusted gross income which is $14,416.00 what is my family size credit
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<link>
https://ttlc.intuit.com/community/taxes/discussion/re-my-kentucky-family-size-tax-credit-is-1-my-federal-adjusted-gross-income-is-equal-to-my-kentucky/01/1421063#M516564
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<P>So what if my adjusted gross income is $28,000 and family size is 1. Is it still 40%</P>
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<pubDate>Tue, 07 Apr 2020 18:48:05 GMT</pubDate>
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<dc:creator>Buddyhusky</dc:creator>
<dc:date>2020-04-07T18:48:05Z</dc:date>
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<title>
Re: My Kentucky family size tax credit is 1, my federal adjusted gross income is equal to my Kentucky adusted gross income which is $14,416.00 what is my family size credit
</title>
<link>
https://ttlc.intuit.com/community/taxes/discussion/re-my-kentucky-family-size-tax-credit-is-1-my-federal-adjusted-gross-income-is-equal-to-my-kentucky/01/1421101#M516569
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<P>Actually wrong question. If my tax amount is 1472 on line19. My family size is 1..is that 40% as well?. Whatever happened to getting forms in an instruction book??</P>
</description>
<pubDate>Tue, 07 Apr 2020 18:53:12 GMT</pubDate>
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https://ttlc.intuit.com/community/taxes/discussion/re-my-kentucky-family-size-tax-credit-is-1-my-federal-adjusted-gross-income-is-equal-to-my-kentucky/01/1421101#M516569
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<dc:creator>Buddyhusky</dc:creator>
<dc:date>2020-04-07T18:53:12Z</dc:date>
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<item>
<title>
Re: My Kentucky family size tax credit is 1, my federal adjusted gross income is equal to my Kentucky adusted gross income which is $14,416.00 what is my family size credit
</title>
<link>
https://ttlc.intuit.com/community/taxes/discussion/re-my-kentucky-family-size-tax-credit-is-1-my-federal-adjusted-gross-income-is-equal-to-my-kentucky/01/1702790#M606331
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<P><LI-USER uid="1888729"></LI-USER>&nbsp;</P><P>&nbsp;</P><P>The instructions are published&nbsp;on page 21 of&nbsp;<A href="https://revenue.ky.gov/Forms/2019%20740(P)%20Instructions%20only_FINAL_rev%[social security number removed].pdf" target="_blank">https://revenue.ky.gov/Forms/2019%20740(P)%20Instructions%20only_FINAL_rev%[social security number removed].pdf</A></P><P>&nbsp;</P><P>About your case:</P><P><SPAN>&gt; adjusted gross income is $28,000 and family size is 1</SPAN></P><P><SPAN>&gt;&nbsp;If my tax amount is 1472 on line19. My family size is 1..is that 40% as well?.</SPAN></P><P>&nbsp;</P><P><SPAN>Use your adjusted gross income ($28,000) and family size to look up the percent in the "Family Size Table" :page 2 of&nbsp;</SPAN><SPAN><A href="https://revenue.ky.gov/Forms/Schedule%20ITC%20-2019.2.pdf" target="_blank">https://revenue.ky.gov/Forms/Schedule%20ITC%20-2019.2.pdf&nbsp;</A></SPAN></P><P>&nbsp;</P><P><SPAN><span class="lia-inline-image-display-wrapper lia-image-align-inline" image-alt="Screenshot from 2020-08-02 13-38-04.png" style="width: 744px;"><img src="https://ttlc.intuit.com/community/image/serverpage/image-id/11837iF832241DA5EC0872/image-size/large?v=1.0&amp;px=999" title="Screenshot from 2020-08-02 13-38-04.png" alt="KY Family Size Table, 2019" /><span class="lia-inline-image-caption" onclick="event.preventDefault();">KY Family Size Table, 2019</span></span></SPAN></P><P>&nbsp;</P><P><SPAN>Your percentage is 0%, and your Income Gap Credit is $0</SPAN></P>
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<pubDate>Sun, 02 Aug 2020 18:40:23 GMT</pubDate>
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<dc:creator>SkipSkapper</dc:creator>
<dc:date>2020-08-02T18:40:23Z</dc:date>
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