Kentucky Salary & Paycheck Calculators
Updated October 2024Kentucky employs a flat income tax system with a single rate of 4.5%, which can significantly impact your net income. While simpler than some other states' graduated systems, Kentucky's tax code includes various deductions and credits that affect your paycheck.
Kentucky Income Tax Highlights
- 4.5% flat rate on all taxable income for individuals and joint filers
This rate applies to residents on all sources of income and to non-residents on Kentucky-sourced income. The state allows for certain deductions and credits that can affect your taxable income.
Kentucky Calculators & Tools
Calculate Your Take-Home Pay
Input your income details and see how much you make after taxes and deductions.
Bonus Calculators
Find out how much your bonus will be taxed.
Net-to-Gross
Find out how much your gross pay should be for a specific take-home pay.
Withholding Forms
Specialty Calculators
Dual Scenario Hourly
Compare your take home pay in different hourly scenarios.
Dual Scenario Salary
Compare your take home pay in different salary scenarios.
401k Calculator
See how increasing your 401k contributions will affect your paycheck and your retirement savings.
Tax Tip Calculator
Determine your take home from tips after taxes
Key Points to remember about the Kentucky Paycheck Structure
- Flat tax rate simplifies calculations
- Standard deduction of $2,980 for all filers (2023 figure)
- No personal exemption credits
- Some cities and counties impose additional local income taxes
- Kentucky partially taxes Social Security benefits for some residents
Understanding these aspects of Kentucky's tax landscape is crucial for accurately estimating your net income and managing your finances effectively in the Bluegrass State. While the flat state tax rate makes basic calculations straightforward, it's important to consider local taxes and available deductions and credits that can impact your overall tax liability.
Learn more about the Payroll Process in Kentucky
Visit the Kentucky Payroll Guide page
Fun Facts
Kentucky is known for its bourbon, horse racing, and bluegrass music. The Kentucky Derby is one of the most famous horse races in the world. The state is also home to the Mammoth Cave, the longest cave system on Earth.
