Instructions For Form 740-Np - Nonresident Or Part-Year Resident Income Tax Return - 2011 Page 6

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Line 20 and Line 21, Family Size Tax Credit— The Family Size Tax Credit is based on modified gross income (MGI) and the
size of the family. If your total MGI is $29,726 or less, you may qualify for Kentucky Family Size Tax Credit.
S
O
—Determine your family size. Check the box on Line 20 to the right of the number that represents your family
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size.
Family Size—Consists of yourself, your spouse if married and living in the same household and qualifying children.
Family Size 1 is an individual either single, or married living apart from his or her spouse for the entire year. You
may qualify for the Family Size Tax Credit even if you are claimed as a dependent on your parent’s tax return.
Family Size 2 is an individual with one qualifying child or a married couple.
Family Size 3 is an individual with two qualifying children or a married couple with one qualifying child.
Family Size 4 is an individual with three or more qualifying children or a married couple with two or more qualify-
ing children.
Qualifying Dependent Child—Means a qualifying child as defined in Internal Revenue Code Section 152(c), and includes a
child who lives in the household but cannot be claimed as a dependent if the provisions of Internal Revenue Code Section
152(e)(2) and 152(e)(4) apply. In general, to be a taxpayer’s qualifying child, a person must satisfy four tests:
Relationship—Must be the taxpayer’s child or stepchild (whether by blood or adoption), foster child, sibling or
stepsibling, or a descendant of one of these.
Residence—Has the same principal residence as the taxpayer for more than half the tax year. A qualifying child is
determined without regard to the exception for children of divorced or separated parents.
Age—Must be under the age of 19 at the end of the tax year, or under the age of 24 if a full-time student for at least
five months of the year, or be permanently and totally disabled at any time during the year.
Support—Did not provide more than one-half of his/her own support for the year.
S
t
—Determine modified gross income.
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FORM 740-NP WORKSHEET FOR COMPUTATION OF MODIFIED GROSS INCOME FOR FAMILY SIZE TAX CREDIT
(a) Enter your federal adjusted gross income from page 1, Line 8. If zero or less, enter zero .............................................. (a) __________________
(b) If married filing separate returns and living in the same household, enter your spouse’s
federal adjusted gross income. If zero or less, enter zero .................................................................................................. (b) __________________
(c) Enter tax-exempt interest from municipal bonds (non-Kentucky) ....................................................................................... (c) __________________
(d) Enter amount of lump-sum distributions not included in federal adjusted gross income (federal Form 4972) .............. (d) __________________
(e) Enter total of Lines (a), (b), (c) and (d) .................................................................................................................................... (e) __________________
(f) Enter your Kentucky adjusted gross income from page 1, Line 9. If zero or less, enter zero ......................................... (f) __________________
(g) If married filing separate returns and living in the same household, enter your spouse’s
Kentucky adjusted gross income from page 1, Line 9. If zero or less, enter zero ............................................................ (g) __________________
(h) Enter amount of lump-sum distributions not included in adjusted gross income (Kentucky Form 4972-K) ................... (h) __________________
(i) Enter total of Lines (f), (g) and (h) ........................................................................................................................................... (i) __________________
(j) Enter the greater of Line (e) or (i). This is your Modified Gross Income.
Use this amount to determine if you qualify for the Family Size Tax Credit ....................................................................... (j) __________________
S
t
—Use the Family Size Table to look up the percentage of credit and enter in the space provided on Line 21.
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Credit
Family Size
One
Two
Three
Four or More
Percentage
If MGI . . .
is over
is not over
is over
is not over
is over
is not over
is over
is not over
is
$ ---
$ 10,890
$ ---
$14,710
$ ---
18,530
$ ---
$22,350
100
10,890
11,326
14,710
15,298
18,530
19,271
22,350
23,244
90
11,326
11,761
15,298
15,887
19,271
20,012
23,244
24,138
80
11,761
12,197
15,887
16,475
20,012
20,754
24,138
25,032
70
12,197
12,632
16,475
17,064
20,754
21,495
25,032
25,926
60
12,632
13,068
17,064
17,652
21,495
22,236
25,926
26,820
50
13,068
13,504
17,652
18,240
22,236
22,977
26,820
27,714
40
13,504
13,830
18,240
18,682
22,977
23,533
27,714
28,385
30
13,830
14,157
18,682
19,123
23,533
24,089
28,385
29,055
20
14,157
14,484
19,123
19,564
24,089
24,645
29,055
29,726
10
14,484
---
19,564
---
24,645
---
29,726
---
0
S
F
—Multiply tax from Line 19 by the percentage and enter on Line 21. This is your Family Size Tax Credit.
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6

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