Year from Kentucky sources of $1,200 or more; and every 2025

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  1. Click ‘Get Form’ to open the Kentucky Fiduciary Income Tax Return (Form 741) in the editor.
  2. Begin by entering the federal adjusted total income from your federal Form 1041 on Line 1. Ensure you enclose a complete copy of this federal return.
  3. Proceed to Line 3, where you will enter the portion of deductions allocated to additional Kentucky income reported on Line 2. This is crucial for accurate reporting.
  4. On Line 10, report each beneficiary’s share of income and deductions. Remember to prepare a separate Schedule K-1 for each beneficiary and retain copies for your records.
  5. Finally, review all entries for accuracy before submitting. Use our platform's features to sign and distribute the completed form seamlessly.

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Fiduciary tax is due on the portion of income from an estate or trust not distributable to beneficiaries. Kentuckys income tax law is based on the Internal Revenue Code in effect as of December 31, 2022​. The tax is calculated using a rate of 4.5%​.
South Dakota and Wyoming have no corporate or individual income tax; Alaska has no individual income or state-level sales tax; Florida and Texas have no individual income tax; and New Hampshire and Montana have no sales tax, with New Hampshire also only imposing a narrow tax on interest and dividend income.
Kentucky has a flat 4.00 percent individual income tax rate. There are also jurisdictions that collect local income taxes. Kentucky has a 5.0 percent corporate income tax rate. Kentucky also has a 6.00 percent state sales tax rate and does not have local sales taxes.
If you make $100,000 a year living in the region of Kentucky, United States of America, you will be taxed $27,280. That means that your net pay will be $72,721 per year, or $6,060 per month.
2025 Kentucky Standard Deduction: $3,270 2025 Kentucky Tax Rate: 4% of taxable income Formula: Wages for the pay period multiplied by the number of annual pay periods equals annual wages.

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Kentucky Tax Rates, Collections, and Burdens Kentucky has a 5.0 percent corporate income tax rate. Kentucky also has a 6.00 percent state sales tax rate and does not have local sales taxes. Kentucky has a 0.74 percent effective property tax rate on owner-occupied housing value.

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