All residents of the state as well as non-residents who earned income in Kentucky during the previous year must file a Kentucky State Income Tax Return. Kentucky residents are also responsible for local taxes based on their county of residence.
Finding Kentucky State Income Tax Forms
Kentucky State Income Tax forms can be found at post offices and libraries throughout the state. They can also be downloaded and printed off of the Internet. If you were a Kentucky resident who filed your tax return by mail last year, the state will mail your current-year forms to you during tax season.
Make certain that you file the correct tax forms. Individuals who were residents of Kentucky for the entire year must file either Form 740 or Form 740-EZ. Individuals who were only residents for part of the year and those who were full-year residents of another state that earned income in Kentucky must file Form 740-NP.
Choose Your Filing Method
The fastest way to get your refund is to file your Kentucky State Income Taxes electronically. It's also the only method of filing that allows you to have your refund direct deposited into your bank account. If you file electronically, you do not need to mail in copies of your W-2s or tax return forms. The only thing you will have to mail is your payment, if applicable, with Form 740-V.
If you file a paper Income Tax form, you will need to send copies of your W-2s, any schedules and worksheets used, and Form 740-V with your payment, if applicable. The address that you'll send your tax return to depends on whether you're receiving a refund or submitting a payment.
Change Your Address
If your address has changed since the last time you filed a Kentucky State Income Tax Return, simply use your new address when filing out your return for the current year. If your address changes after you file your taxes, you'll need to contact the Kentucky Department of Revenue in order to change your address.
Filing an Extension
If you are unable to finish your tax return by the due date, you may file for an extension. In addition, if you are unable to pay your tax bill in its entirety upfront, you may be able to set up a payment plan so that you can pay off your debt in monthly increments you can afford. To do this, simply send in as much of a payment as you can with your return, and the state will bill you for the remainder until it is paid in full.
Kentucky State Tax Credits
Kentucky residents can receive a credit on their Kentucky State Income Taxes if they paid Income Taxes to another state. College undergraduate students may receive a credit up to one-fourth of the amount of the federal Hope and lifetime learning credits on their Kentucky State Income Taxes if they are within income guidelines. Residents may also be eligible for Personal and Dependency Credits, the Nonrefundable Family Size Tax Credit, and the Child and Dependent Care Credit.
Find a Kentucky State Income Tax Preparer
If you aren't comfortable with doing your own taxes or if you just don't have the time, you'll need to find an Income Tax preparer. Many major tax preparation firms are scattered throughout the state, as well as many individual tax preparers.
