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

 

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