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What is Ky standard deduction?

(September 14, 2021) Each year, the Kentucky Department of Revenue calculates the individual standard deduction in ance with KRS 141.081. After adjusting for inflation, the standard deduction for 2022 is $2,770, an increase of $80.

When can I file Ky state tax return?

The Kentucky State Income Taxes for Tax Year 2022 (January 1 - Dec. 31, 2022) can be prepared and e-Filed now along with an IRS or Federal Income Tax Return. Alternatively, you also only prepare and mail-in a KY state return. The Kentucky tax filing and tax payment deadline is April 18, 2023.

Do I qualify for standard deduction?

All tax filers can claim this deduction unless they choose to itemize their deductions. For the 2022 tax year, the standard deduction is $12,950 for single filers, $25,900 for joint filers and $19,400 for heads of household. The deduction amount also increases slightly each year to keep up with inflation.

When can I expect my refund 2022?

Overall, the IRS anticipates most taxpayers will receive their refund within 21 days of when they file electronically if they choose direct deposit and there are no issues with their tax return. The IRS urges taxpayers and tax professionals to file electronically.

How long are Ky state refunds taking?

Generally, e-filed returns deposited electronically take two to three weeks, but allow an extra week if a paper check was requested. Generally, paper returns take eight to 12 weeks, if completed correctly (for resident returns). (Non-resident Kentucky returns could take an additional two to three weeks.

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