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 Kentucky Income Tax Per KRS 141 2020

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7-Eleven and you want to keep an eye on this one here for tax season Kentucky's tax rate is not going to be going down in 2025 as anticipated this comes from a recent letter to lawmakers from state budget director John Hicks he says the Commonwealth did not meet one of the requirements to allow the tax cut which would deprive Kentucky of the funds and needs to meet spending requirements the report is required by the legislature as a condition of a 2022 plan to gradually eliminate income tax completely your tax rate is now set to remain the same as it will be in 2024 for 2025 after going down in some previous years budget committee chairs say the pause allows shows the plan is working and the state is still on track to eventually eliminate personal income tax

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