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Kentucky Small Business Tax Credit (KSBTC)

Kentucky Small Business Tax Credit (KSBTC) 2025

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The Kentucky Small Business Tax Credit (KSBTC) Program provides eligible small businesses with a non-refundable state income tax credit ranging from $3,500 to $25,000 for creating new jobs and investing in qualifying equipment or technology. To qualify, businesses must have 50 or fewer employees, create at least one Eligible Position filled for twelve months, and invest a minimum of $5,000 in qualifying assets. The program has specific eligibility criteria and application processes, including caps on total credits awarded per fiscal year.

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Click ‘Get Form’ to open the Kentucky Small Business Tax Credit (KSBTC) application in the editor.
Begin by filling out your business information, including the name, address, and contact details. Ensure accuracy as this information is crucial for processing your application.
Next, provide details about the Eligible Positions created. Include the hire dates and ensure that each position meets the criteria of being filled for at least twelve consecutive months.
Document your investment in qualifying equipment or technology. List each item purchased, ensuring they meet the minimum cost and useful life requirements outlined in the guidelines.
Attach necessary proof of payment for qualifying equipment purchases. This can include invoices or bank statements showing payment.
Review all sections carefully to ensure completeness and accuracy before submitting your application through our platform.

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What tax credits are available for small businesses?

Claim credits Employer-provided childcare credit. Businesses that provide childcare for their employees are eligible for a tax credit. Opportunity Zones. Fuel Tax Credit. Clean vehicle credits. Credit for builders of energy-efficient homes. Advanced energy project credit. Work Opportunity Tax Credit. Research credit.

What is the best tax write-off for a small business?

But we also recommend finding a small-business tax advisor to double-check your deductions and eligibility. Startup and organizational costs. Cost of goods sold. Utilities. Insurance. Business property rent. Auto expenses or mileage. Equipment and machinery. Office supplies and furniture.

What are the biggest tax mistakes business owners make?

Four common tax errors that can be costly for small businesses Underpaying estimated taxes. Depositing employment taxes. Filing late. Not separating business and personal expenses. More information:

What is the 20% small business deduction?

This deduction is commonly referred to as the pass-through deduction or qualified business income (QBI) deduction. Pass-through business owners who qualify can deduct up to 20% of their net business income from their income taxes, reducing their effective income tax rate by 20%.

What is the $5000 tax credit for small businesses?

If youre launching a new business, you may have heard about the $5,000 tax credit for small businesses. While its commonly called a tax credit, its actually a startup cost deduction that allows new businesses to immediately deduct up to $5,000 in startup expenses from their taxable income.

What is the Cares Act tax credit for businesses?

Under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), as originally enacted March 27, 2020, the Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50% of the qualified wages an eligible employer pays to employees.

What is the Kentucky Small Business tax credit Program Ksbtc?

Subject to tax credit availability, this program provides a non-refundable state income tax credit between $3,500 - $25,000 for small businesses that create and fill one or more Eligible Positions and invest $5,000 or more in qualifying equipment or technology.

Kentucky Small Business Tax Credit (KSBTC) 2025

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How to use or fill out Kentucky Small Business Tax Credit (KSBTC) with our platform

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What tax credits are available for small businesses?

What is the best tax write-off for a small business?

What are the biggest tax mistakes business owners make?

What is the 20% small business deduction?

What is the $5000 tax credit for small businesses?

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People also ask

What is the Cares Act tax credit for businesses?

What is the Kentucky Small Business tax credit Program Ksbtc?

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Kentucky Small Business Tax Credit (KSBTC) 2025

Here's how it works

How to use or fill out Kentucky Small Business Tax Credit (KSBTC) with our platform

Complete this form in 5 minutes or less

Got questions?

What tax credits are available for small businesses?

What is the best tax write-off for a small business?

What are the biggest tax mistakes business owners make?

What is the 20% small business deduction?

What is the $5000 tax credit for small businesses?

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Complete this form in 5 minutes or less

People also ask

What is the Cares Act tax credit for businesses?

What is the Kentucky Small Business tax credit Program Ksbtc?

Related links

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