State taxes and federal taxes are the two categories of taxes that individuals must file. State taxes are sent to the Kentucky Department of Revenue, while federal taxes are reported to the IRS. Despite the differences, both are due on April 18. Lets know more about KY State Tax Refund in this article. This information should assist you in preparing for the upcoming tax season.
KY State Tax Refund
All income generated by Kentucky residents and all income obtained by nonresidents from Kentucky sources is subject to individual income tax, according to the Department of Revenue. In other words, if you made money in Kentucky, you very certainly need to submit taxes.
Here is everything you need to know about KY STATE TAX REFUND, along with information on any issues you might have and how to determine whether your gross income is high enough to require filing.
How Do I Determine Whether I Must Submit Kentucky State Taxes?
The chart below from the Kentucky Department of Revenue shows various household sizes and incomes. Your filing requirements depend on your modified gross income, family size, Kentucky adjusted gross income, and self-employment income, the department claims. It’s crucial to examine this page since occasionally people file taxes when they are not required to. The Kentucky Department of Revenue reports that although tax filing began on January 23, returns won’t begin to be processed until this week, on Monday, February 6.
Submit KY File Online
Through KY File, they can be submitted online. According to the Department of Revenue website, “KY File is free and is intended to be the straightforward electronic equivalent of a paper form.” However, it only makes the necessary computations while checking for maths or other problems; it doesn’t inquire about or explain “tax scenarios.”
It is significant to note that, according to the website, individuals must have filed their federal taxes prior to using KY File to file their state taxes.
Through the Free File Alliance, taxes can also be filed electronically and without cost. Nevertheless, according to the Kentucky Department of Revenue website, these are only applicable to anyone with an annual income of $69,000 or less.
Contact KY State
Additionally, the Department of Revenue provides assistance with tax preparation at any of its ten offices throughout the state to those with yearly incomes of $60,000 or less. For appointments, call each office on Tuesdays and Thursdays between February 2 and April 13, 2023, and assistance will be provided.
The telephone number for the Louisville office is 502-595-4512, and it is situated on the second floor at 600 West Cedar St.
According to Jill Midkiff, a representative for the Department of Revenue, taxpayers who prefer to file their taxes physically on paper can mail them to the following addresses, but they must be postmarked by April 18 in order to be accepted:
- Refunds or no payments: Kentucky Department of Revenue, Frankfort, KY 40618-0006
- With payments: Kentucky Department of Revenue, Frankfort, KY 40619-0008
The person’s social security number and the message “KY Income Tax — 2022” must be included on checks made out to the Kentucky State Treasurer.
The primary SSN given on the return, if it is a joint return, “should be included on the check,” Midkiff advised.
When Will I Receive My Kentucky Tax Return?
According to the Kentucky Department of Revenue website, customers who filed their state taxes online should expect their refund in four to six weeks if it’s received via direct deposit. It also advises customers to give themselves an extra week if they expect to receive their money back through a paper check.
According to the website, state tax returns sent via mail will take 10 to 14 weeks to arrive since officials must open, sort, scan, and examine the documents.
How Can I Find Out If My Kentucky State Tax Refund Has Been Processed?
refund.ky.gov is the website where taxpayers can check the status of their tax filing. Your Social Security number and the precise refund amount listed on your state tax return must be provided.
Which Forms Must I Complete In Order To File My Kentucky State Taxes?
If a person meets all of the standards for modified gross income, family size, Kentucky adjusted gross income, and self-employment income, according to the Department of Revenue, they must submit form 740.
Form 740-NP is for non-residents who received income from Kentucky sources, are part-time residents of Kentucky who moved into or out of the state even during taxable year (in this case, 2022), received income from the state while a resident of Kentucky, or received income from the state while a non-resident.
Where Can I Find Assistance With Filing My Taxes?
There are various ways to seek assistance with tax preparation. Accountants are the first option for anyone with the financial means to use them.
Tax preparation services like H&R Block, which have multiple sites throughout Louisville and are fee-based, are another resource. Here are a few places:
- H&R Block – [12611] Shelbyville Road
- Tax Pros – [2220] Bardstown Road
- TAC Taxes – [5751] Preston Highway, Suite 106
- Liberty Tax – [5005] Preston Highway, Suite 101
- H&R Block – [10532] Fischer Park Drive
Additionally, the Department of Revenue maintains 10 service centres spread out across the state to assist taxpayers with any inquiries or problems they might encounter. Louisville only has one location, on the second floor of 600 West Cedar Street.
As mentioned above, individuals who need assistance from the Department of Revenue to file their taxes must earn $60,000 or less annually and schedule a visit by phoning the office they desire to attend. tap to check more Finance related Updates.