Kentucky Adjusts Withholding Income Tax Rate

May 21, 2018 Nicolette Chasse

The Kentucky Department of Revenue has published the 2018 Withholding Tax Table and Formula. The table and formula are effective for Tax Years beginning January 1, 2018. Kentucky has enacted a new 5% flat tax rate for income withholding. As a result of this change, exemptions are not taken into account, only the standard deduction.

 

To read the Withholding Tax Tables and Formula in full, please follow the link

 

Previous Article
Ecuador Issues Resolution Mandating More Taxpayers to Comply with eInvoicing

The Ecuadorean Tax Administration (SRI) has issued a new Resolution intended to expand the obligation to is...

Next Article
Maine Publishes MEETRS File Formatting Specifications for Electronic Transmittal of Quarterly Income Tax Withholding

Maine's Revenue Services published their MEETRS File Formatting Specifications for Electronic Transmittal o...

×

Regulatory Analysis News - Delivered Weekly

Company
Thank you for subscribing!
Error - something went wrong!