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arfo
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Why KY tax due now when in 19 yrs never have owed

We have never had to pay any tax to KY in 19 years of filing. Why all of a sudden do your forms for 2018 say I owe $432?

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2 Replies

Why KY tax due now when in 19 yrs never have owed

Start by checking for data entry errors, especially commas and decimals.

Why KY tax due now when in 19 yrs never have owed

Changes to KY tax law for 2018.  Some of these are as follows:

Flat tax rate of 5% for all individuals

Pension exclusion decreased to $31,110 from $41,110

$10 personal tax credit for taxpayers and dependents eliminated

https://revenue.ky.gov/News/PublishingImages/Pages/DOR-Outreach-and-Education/2018%20KY%20Income%20T...

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