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Facts and figures about
taxes in Kentucky
8,847
CPAs across the state
4,505,836
Residents as of 2022
225,080
People claiming self- employment tax deductions
95,910
S-Corps statewide
110,430
People taking itemized deductions
236,450
People claiming the QBI deduction
😵💫 Kentucky CPAs cost a lot when there's only one for every 516 residents.
😓 19 million taxpayers were late filing taxes last year.
😨 Without a trained tax professional, 30 million Americans miss tax-saving deductions.
😣 Nearly half of Americans end up paying more tax than they have to.
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How to set up an LLC in Kentucky
Kentucky State Income Tax Rates & Brackets for 2023
The following tables represents Kentucky's income tax rates and tax brackets:
SINGLE FILER
Brackets
Rates
$0+
5.00%
MARRIED FILING JOINTLY
Brackets
Rates
$0+
5.00%
Filing Status
Standard Deduction Amt.
Single
$2,770
Couple
$4,155
Kentucky State Sales Tax Rates for 2023
County
Tax Rate
Adair County
6%
Allen County
6%
Anderson County
6%
Ballard County
6%
Barren County
6%
Bath County
6%
Bell County
6%
Boone County
6%
Bourbon County
6%
Boyd County
6%
Boyle County
6%
Bracken County
6%
Breathitt County
6%
Breckinridge County
6%
Bullitt County
6%
Butler County
6%
Caldwell County
6%
Calloway County
6%
Campbell County
6%
Carlisle County
6%
Carroll County
6%
Carter County
6%
Casey County
6%
Christian County
9.50%
Clark County
6%
Clay County
6%
Clinton County
6%
Crittenden County
6%
Cumberland County
6%
Daviess County
6%
Edmonson County
6%
Elliott County
6%
Estill County
6%
Fayette County
6%
Fleming County
6%
Floyd County
6%
Franklin County
6%
Fulton County
6%
Gallatin County
6%
Garrard County
6%
Grant County
6%
Graves County
6%
Grayson County
6%
Green County
6%
Greenup County
6%
Hancock County
6%
Hardin County
6%
Harlan County
6%
Harrison County
6%
Hart County
6%
Henderson County
6%
Henry County
6%
Hickman County
6%
Hopkins County
6%
Jackson County
6%
Jefferson County
6%
Jessamine County
6%
Johnson County
6%
Kenton County
6%
Knott County
6%
Knox County
6%
Larue County
6%
Laurel County
6%
Lawrence County
6%
Lee County
6%
Leslie County
6%
Letcher County
6%
Lewis County
6%
Lincoln County
6%
Livingston County
6%
Logan County
6%
Lyon County
6%
Madison County
6%
Magoffin County
6%
Marion County
6%
Marshall County
6%
Martin County
6%
Mason County
6%
Mccracken County
6%
Mccreary County
6%
Mclean County
6%
Meade County
6%
Menifee County
6%
Mercer County
6%
Metcalfe County
6%
Monroe County
6%
Montgomery County
6%
Morgan County
6%
Muhlenberg County
6%
Nelson County
6%
Nicholas County
6%
Ohio County
6%
Oldham County
6%
Owen County
6%
Owsley County
6%
Pendleton County
6%
Perry County
6%
Pike County
6%
Powell County
6%
Pulaski County
6%
Robertson County
6%
Rockcastle County
6%
Rowan County
6%
Russell County
6%
Scott County
6%
Shelby County
6%
Simpson County
6%
Spencer County
6%
Taylor County
6%
Todd County
6%
Trigg County
6%
Trimble County
6%
Union County
6%
Warren County
6%
Washington County
6%
Wayne County
6%
Webster County
6%
Whitley County
6%
Wolfe County
6%
Woodford County
6%
Kentucky State IRS Statistics of Income for 2020
Item
(All amounts are in 1000s of dollars)
Number of returns
Number of single returns
Number of joint returns
Number of head of household returns
Number of individuals
Adjusted gross income (AGI)
Total income: Number
Amount
Salaries and wages in AGI: Number
Amount
Business or profession net income (less loss): Number
Amount
Partnership/S-corp net income (less loss): Number
Amount
Self-employed health insurance deduction: Number
Amount
Student loan interest deduction: Number
Amount
Charitable contributions if took standard deduction: Number
Amount
Total itemized deductions: Number
Amount
State and local income taxes: Number
Amount
State and local general sales taxes: Number
Amount
Qualified business income deduction: Number
Amount
Child and dependent care credit: Number
Amount
Child and other dependent tax credit: Number
Amount
Self-employment tax: Number
Amount
Earned income credit: Number
Amount
Refundable education credit: Number
Amount
Recovery rebate credit: Number
Amount
Total tax liability: Number
Amount
Total additional Medicare tax: Number
Amount
Net investment income tax: Number
Amount
Tax due at time of filing: Number
Amount
Total overpayments: Number
Amount
All returns
2,076,680
998,920
758,150
268,310
3,885,390
120,432,780
2,017,100
121,747,488
1,655,650
84,151,804
302,350
3,270,880
95,910
5,636,366
38,130
288,703
127,110
92,384
565,060
148,656
110,430
3,649,247
98,010
1,281,470
10,730
14,784
236,450
1,538,793
54,990
27,731
502,680
1,074,127
225,080
618,758
384,590
894,587
75,430
64,828
396,040
572,014
1,421,560
13,618,763
31,460
53,232
37,130
164,234
323,550
1,613,621
1,681,470
5,430,631
Under $1
84,000
60,260
15,760
5,380
117,800
0
24,490
0
7,340
241,982
11,250
0
5,310
0
1,560
10,391
780
763
10,280
2,669
0
0
0
0
0
0
0
0
0
0
40
39
3,280
7,899
4,510
6,711
1,020
918
50,160
74,176
4,300
10,464
150
193
0
0
2,280
4,976
61,760
141,379
$1 under $10,000
286,600
227,210
27,690
26,820
318,020
1,391,029
286,540
1,432,652
205,080
1,064,882
39,040
113,303
3,050
0
1,930
6,821
2,720
1,836
32,990
7,730
1,530
33,240
690
1,994
630
345
510
113
0
0
140
53
31,330
21,749
95,880
118,904
8,320
6,982
81,780
126,077
38,760
24,198
10
16
0
0
16,030
7,446
235,770
348,789
$10,000 under $25,000
415,200
260,970
64,350
80,500
650,670
7,193,401
415,200
7,292,863
322,610
4,961,826
62,920
454,572
5,920
0
3,660
13,805
9,580
6,327
70,200
17,625
3,960
95,391
2,090
4,933
1,460
1,055
21,910
13,685
2,770
823
41,070
14,760
51,140
79,894
149,180
453,309
16,820
14,039
89,500
137,738
229,870
191,874
20
27
0
0
29,560
28,746
373,140
1,061,434
$25,000 under $50,000
521,060
273,060
127,000
102,320
937,110
18,900,946
521,060
19,071,245
450,050
14,739,171
59,130
447,795
10,350
41,141
5,420
24,465
34,610
23,081
126,510
32,567
10,340
247,613
7,580
22,336
2,310
2,277
49,380
68,706
11,890
6,221
158,510
205,625
41,580
90,366
129,180
312,388
16,770
14,124
70,280
97,848
406,530
909,664
50
81
0
0
60,000
77,109
458,350
1,350,240
$50,000 under $75,000
287,010
108,960
134,750
33,900
595,650
17,628,008
287,010
17,787,458
246,680
13,216,004
39,050
366,675
11,040
91,946
4,770
27,552
28,690
21,338
99,960
26,495
17,010
383,022
14,540
60,861
2,180
2,494
39,570
87,258
8,250
3,994
97,830
240,560
27,780
72,766
5,850
3,275
9,550
8,215
37,620
48,565
264,380
1,215,684
40
69
0
0
56,100
102,843
230,170
672,274
$75,000 under $100,000
177,920
36,400
127,470
10,950
434,080
15,408,236
177,920
15,540,545
154,260
11,300,307
28,650
304,481
10,450
135,730
3,790
24,745
20,440
14,984
77,290
20,982
15,650
381,477
14,130
77,133
1,370
2,261
32,090
89,521
9,040
4,574
71,260
208,801
20,790
61,273
0
0
7,780
6,777
26,020
29,446
173,930
1,234,048
50
83
0
0
42,040
101,226
135,550
464,927
$100,000 under $200,000
237,430
25,690
202,000
7,030
641,410
31,675,928
237,430
31,979,442
210,340
23,232,268
44,280
720,037
25,090
658,380
8,180
68,482
30,290
24,055
119,440
32,637
34,320
1,021,304
32,360
273,842
1,820
3,727
58,590
275,098
18,220
9,552
108,830
327,227
32,830
134,882
0
0
15,190
13,773
40,030
57,853
236,370
3,479,888
1,690
485
630
183
82,210
331,270
154,820
679,529
$200,000 under $500,000
55,790
5,150
49,000
1,220
157,580
15,844,721
55,790
16,087,830
49,230
10,252,486
14,150
658,465
17,250
1,535,396
6,020
71,831
0
0
24,970
6,983
20,490
791,963
19,780
351,027
670
1,811
26,630
355,597
4,290
2,248
24,900
76,904
12,430
99,327
0
0
0
0
640
311
55,760
2,727,701
21,930
17,021
26,230
28,036
29,040
361,028
26,600
284,271
$500,000 under $1,000,000
8,240
830
7,190
140
23,680
5,511,843
8,240
5,600,070
7,160
2,913,207
2,710
215,818
4,770
1,147,922
1,790
25,281
0
0
2,640
752
4,730
274,545
4,540
183,652
190
495
5,160
156,759
450
259
100
158
2,690
30,012
0
0
0
0
0
0
8,240
1,320,116
5,460
17,324
7,140
31,330
4,560
212,556
3,660
126,159
$1,000,000 or more
3,420
390
2,930
60
9,390
9,321,226
3,420
9,368,147
2,890
2,229,671
1,180
160,983
2,670
2,827,496
1,020
15,330
0
0
770
216
2,410
420,692
2,310
305,692
100
319
2,620
492,056
90
60
0
0
1,250
20,590
0
0
0
0
0
0
3,420
2,505,126
2,060
17,933
3,130
104,685
1,750
386,421
1,660
301,629
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