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Kentucky Employers Income Tax Withheld Worksheet K 1 Form

Kentucky Employers Income Tax Withheld Worksheet K 1 Form

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individual income tax rates will likely go down again for kentuckians but it won't happen until the beginning of 2026 Senate budget chairman Chris McDaniel says the state has met the conditions to trigger lowering the tax another half perc meaning it can go down from 4% to 3 and a. half% the cut is possible because of the state's Reserve fund growing to more than5 billion lawmakers will have to approve the cut in the 2025 General Session representative Maddox uh we went through this before I believe not not this past session but in the 23 session which got us to the current income tax rate we're at now whenever we go through this again in 2025 we'll have to drop another bill generally is this expected to be a non-controversial thing to go through well I think that it's welcome news for a lot of kuckian because you you know last year they were not able to lower the income tax because they did not meet those benchmarks and uh also last year speaker

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