Kentucky Individual Income Tax Forms - Kentucky Department Of Revenue - 2012 Page 9

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INSTRUCTIONS
2012 FORM 740
Do You Have to File a Kentucky Return?
If you were a Kentucky resident for the entire year, your filing
KENTUCKY ADJUSTED GROSS INCOME
requirement depends upon your family size, modified gross
(Use Chart B if Modified Gross Income is Greater Than
income, Kentucky adjusted gross income and income from
the Amounts in Chart A)
self-employment. You must file if your modified gross income
exceeds the amount in Chart A and your Kentucky adjusted
Kentucky Adjusted Gross Income—Consists of your federal
gross income exceeds the amount in Chart B.
adjusted gross income plus any additions and subtractions
from Schedule M, Modifications to Federal Adjusted Gross
Complete your federal tax return first. If you are not required
Income.
to file a federal tax return, see instructions for Line 5.
MODIFIED GROSS INCOME AND FAMILY SIZE
(Use With Chart A)
Family Size—Consists of yourself, your spouse if married
Chart B
and living in the same household and qualifying children.
For the purposes of computing the Family Size Tax Credit,
Your Kentucky
the maximum family size is four.
Adjusted Gross Income
Qualifying Dependent Child—Means a qualifying child as
If Your Filing Status is:
is greater than:
defined in Internal Revenue Code Section 152(c), and includes
Single Person—
a child who lives in the household but cannot be claimed as a
Under age 65 ........................ and ................. $ 3,330
dependent if the provisions of Internal Revenue Code Section
152(e)(2) and 152(e)(4) apply. In general, to be a taxpayer’s
Single Person—
qualifying child, a person must satisfy four tests:
Age 65 or over or blind ........ and ................. $ 5,330
Relationship—The taxpayer’s child or stepchild (whether
by blood or adoption), foster child, sibling or stepsibling,
Single Person—
or a descendant of one of these.
Age 65 or over and blind ..... and ................. $ 6,600
Residence—Has the same principal residence as the
taxpayer for more than half the tax year. A qualifying child
Husband and Wife—
is determined without regard to the exception for children
Both under age 65 ................ and ................. $ 4,330
of divorced or separated parents. Other federal exceptions
apply.
Husband and Wife—
Age—Must be under the age of 19 at the end of the tax
One age 65 or over .............. and ................. $ 6,000
year, or under the age of 24 if a full-time student for at
Husband and Wife—
least five months of the year, or be permanently and totally
disabled at any time during the year.
Both age 65 or over ............. and ................. $ 7,100
Support—Did not provide more than one-half of his/her
own support for the year.
Modified Gross Income—Modified gross income is the greater
of federal adjusted gross income adjusted to include interest
income derived from municipal bonds (non-Kentucky) and
TAXPAYERS WITH SELF-EMPLOYMENT INCOME—Must file
lump-sum pension distributions not included in federal
a Kentucky individual income tax return regardless of the
adjusted gross income; or Kentucky adjusted gross income
amount of Kentucky adjusted gross income used in the Chart
adjusted to include lump-sum pension distributions not
B if you have gross receipts from self-employment in excess
included in federal adjusted gross income.
of modified gross income for your family size in Chart A.
Chart A
Your Modified Gross
If Your Family Size is:
Income is greater than:
TIP: Even though the filing requirements
One .......................... and .........................$11,170
are not met, an income tax return must be
Two ......................... and .........................$15,130
filed to claim a refund of the Kentucky taxes
Three ....................... and .........................$19,090
withheld.
Four or More .......... and .........................$23,050
7

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