Errors in the Kentucky Estimated Tax worksheet for 2021

Forum|Forum|5 years ago
March 7, 2021
1 reply
1 view

I reviewed the Kentucky estimated tax worksheet and noticed that it does not use the correct standard deduction on line 6. Also it didn't calculate line 12 correctly.

AnnetteB6

Level 15

The standard deduction of $2690 shown on the KY Estimated Tax worksheet is correct for 2021 taxes. There is an increase of $40 from 2020 to 2021.

You will need to provide additional information about line 12 with regard to the incorrect calculation.

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Davidsch4890Author

Level 2

The Estimated tax worksheet calculated the Tax correctly on line 8 and the tax credits for line 9, 10, and 11. I think line 12 should be the Line 8 minus line 11

Davidsch4890Author

Level 2

Hit post too early. So the worksheet was good up to line 11. Line 12 should be Subtract the total on line 11 from line 8. In my worksheet line 8 had a $7800 and Line 11 showed $80. Therefore I expected Line 12 to be $7720 but the worksheet in Turbo Tax had $12480. I do not know where the $12480 came from.

Dave