Form 740-Ez - Kentucky Individual Income Tax Return - 2011 Page 2
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2Form 740-EZ (2011)
Page 2
INSTRUCTIONS—FORM 740-EZ
Who May Use Form 740-EZ—You may use Form 740-EZ if all five
Enter in the space provided the decimal amount from the following
of the following apply:
table.
you were a Kentucky resident for the entire year;
Family Size
Percent of Tax
One
as Family Size Tax Credit
you are filing federal Form 1040EZ;
If the Kentucky modified
Enter decimal amount
your filing status is single;
gross income (Line 1) is:
on Line 7
over
but not over
you do not claim additional credits for being age 65 or over,
blind, or a member of the Kentucky National Guard at the end
$
0
$10,890 ...................... 1.00
(100%)
of 2011; and
$10,890
$11,326 ...................... 0.90
(90%)
$11,326
$11,761 ...................... 0.80
(80%)
you had only wages, salaries, tips, unemployment compensation,
$11,761
$12,197 ...................... 0.70
(70%)
taxable scholarship or fellowship grants, and your taxable
$12,197
$12,632 ...................... 0.60
(60%)
interest was $1,500 or less.
$12,632
$13,068 ...................... 0.50
(50%)
$13,068
$13,504 ...................... 0.40
(40%)
If you do not meet all five of the above requirements, see Form
$13,504
$13,830 ...................... 0.30
(30%)
740 instructions.
$13,830
$14,157 ...................... 0.20
(20%)
$14,157
$14,484 ...................... 0.10
(10%)
When to File—The 2011 Form 740-EZ must be postmarked no later
than April 17, 2012, to avoid penalties and interest.
Multiply amount on Line 6 by decimal amount. Enter result on Line
7. This is your Family Size Tax Credit.
COMPLETING FORM 740-EZ—For more information, see the General
Instructions. You may also contact the Department of Revenue in
Line 9, Kentucky Use Tax—Enter 6 percent of out-of-state purchases
Frankfort at (502) 564-4581 or a Kentucky Taxpayer Service Center.
for use in Kentucky on which sales tax was not charged. Include
Internet and catalog purchases, subscriptions, furniture, carpet,
Please print your numbers inside the boxes with black ink. Do not
boats, etc.
use dollar signs.
Line 11, Kentucky Tax Withheld—Enter the amount of Kentucky
income tax withheld as shown on your 2011 wage and tax
Political Party Fund Designation—You may designate $2 of your
statements. These statements must be attached to your return.
taxes to either the Democratic or Republican party if you have a
Make sure you file the copy designated to be filed with your state
tax liability of at least $2.
return. Do not include amounts withheld by your employer for other
states. Amounts withheld in other states cannot be credited to your
LINE-BY-LINE INSTRUCTIONS
Kentucky income tax. Local government occupational, license or
income taxes must not be included on Line 11.
Line 1—Enter federal adjusted gross income from Form 1040EZ,
Line 4. (Do not confuse federal adjusted gross income with federal
Line 12—If the amount on Line 11 (Kentucky Tax Withheld) is
more than the amount on Line 10 (Total Tax Liability), you have an
taxable income shown on the federal return.) If $14,484 or less, see
overpayment and are due a refund. Subtract Line 10 from Line 11,
instructions for Line 7 and enter the decimal amount on Line 7.
and enter the difference on Line 12 as an overpayment. However,
if your Total Tax Liability on Line 10 is larger than Line 11, you owe
If you are not required to file a federal income tax return, enter the
additional tax. Subtract Line 11 from Line 10 and enter on Line 16.
total income from sources within and without Kentucky.
Line 13—If you show an overpayment on Line 12, you may
Line 2—The standard deduction of $2,240 has been preprinted. If
contribute to: (a) the Nature and Wildlife Fund, (b) the Child
your itemized deductions exceed $2,240, it will benefit you to file
Victims’ Trust Fund, (c) the Veterans’ Program Trust Fund and/
Form 740 and itemize your deductions on Schedule A.
or (d) the Breast Cancer Research and Education Trust Fund.
Donations are voluntary and amounts donated will be deducted
Line 4—Compute your tax using the following tax rate schedule.
from your refund.
Enter the amount(s) you wish to contribute on Lines 13(a), 13(b),
If taxable income is:
Tax before credit is:
13(c) and/or 13(d). The total of these amounts cannot exceed the
$
0 — $3,000 ................ 2% of taxable income
amount of the overpayment.
$3,001 — $4,000 ................ 3% of taxable income minus $30
Line 16—You must pay any tax due shown on Line 16. Make check
payable to Kentucky State Treasurer, and attach it to your return.
$4,001 — $5,000 ................ 4% of taxable income minus $70
On the face of the check, please write “KY Income Tax–2011” and
your Social Security number.
$5,001 — $8,000 ................ 5% of taxable income minus $120
Underpayment of Estimated Tax—If the amount owed is more
$8,001 — $75,000 ................ 5.8% of taxable income minus $184
than 30 percent of the income tax liability on Line 8, you may be
subject to a penalty of 10 percent of the underpayment of estimated
$75,001 and up ..................... 6% of taxable income minus $334
tax. The minimum penalty is $25. The amount of the penalty may
Example: (Taxable income) $8,500 x 5.8% – $184 = $309
be calculated on Form 2210-K, which may be obtained from the
Department of Revenue.
Note: An optional tax table is available online at
Interest and Penalties—File your return and pay any additional tax
or by calling the Department of Revenue, (502) 564-4581.
due by April 17, 2012 to avoid interest and penalties. See the General
Instructions or contact the Department of Revenue for additional
Line 7, Family Size Tax Credit—For single persons eligible to file Form
information.
740-EZ, Kentucky family size is one and Kentucky modified gross
income is equal to federal adjusted gross income. A family size tax
Note: Penalties but not interest may be reduced or waived if
credit is allowed for single persons whose Kentucky modified gross
reasonable cause can be shown.
income is not over $14,484. If over $14,484, you do not qualify for
this tax credit. Skip Line 7.
Signature—Each return must be properly signed by the taxpayer.
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