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1. You may be exempt from withholding for 2024 if both the following apply: • For 2023, you had a right to a refund of all Kentucky income tax withheld because you had no Kentucky income tax liability, and • For 2024, you expect a refund of all your Kentucky income tax withheld.
Complete Form W-4 so that your employer can withhold the correct federal income tax from your pay. If too little is withheld, you will generally owe tax when you file your tax return and may owe a penalty. If too much is withheld, you will generally be due a refund.
31 sty 2024 · The Kentucky Withholding Tax rate will be 4.0% for tax year 2024. Kentucky Revised Statute Chapter 141 requires employers to withhold income tax for both residents and nonresidents employees (unless exempted by law).
4 mar 2024 · As an employer, you may need to withhold three types of income tax from employee wages, including federal, state, and local income taxes. You must distribute both federal and state Forms W-4 to employees so you can accurately run payroll.
6 lip 2024 · If you checked “YES” to all the statements above, your earned income is exempt from Kentucky withholding tax. I have not been a resident of Kentucky during the year. (Check block in front of applicable statement.)
K-4. KENTUCKY'S WITHHOLDING CERTIFICATE. All Kentucky wage earners are taxed at a flat 4% rate with a standard deduction allowance of $3,160. The Department ofRevenue annually adjust the standard deduction in accordance with KRS 141.081. Name* First NameMiddle InitialLast Name. Social Security Number* Address* Street Address Line 2.
Information about Form W-4, Employee's Withholding Certificate, including recent updates, related forms and instructions on how to file. Form W-4 is completed by employees and given to their employer so their employer can withhold the correct federal income tax from the employee's pay.
