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Kentucky Kentucky Simple Individual Income Tax Return (OBSOLETE)
Form 740-EZ is obsolete, and is no longer supported by the Kentucky Department of Revenue.
Extracted from PDF file 2019-kentucky-form-740-ez.pdf, last modified January 2018Kentucky Simple Individual Income Tax Return (OBSOLETE)
FORM 740-EZ *1700030003* Commonwealth of Kentucky Department of Revenue KENTUCKY INDIVIDUAL INCOME TAX RETURN 2017 Single Persons With No Dependents Your Social Security Number Name—Last, First, Middle Initial Mailing Address (Number and Street including Apartment Number or P.O. Box) State City, Town or Post Office POLITICAL PARTY FUND ZIP Code 1 Designating $2 will not change your refund or tax due. Mark an X in Box 1 for Democratic, Box 2 for Republican, or Box 3 for No Designation. 1 Enter federal Adjusted Gross Income from Form 1040EZ, line 4. This is your Kentucky Modified Gross Income (If $16,040 or less, you may qualify for the Family Size Tax Credit. See instructions on page 2.) ..... 1 2 Standard deduction............................................................................................................................................. 2 3 Subtract line 2 from line 1. This is your Taxable Income .................................................................................. 3 4 Enter tax from Tax Table or Tax Computation for amount on line 3.................................................................. 4 5 Personal tax credit............................................................................................................................................... 5 6 Subtract line 5 from line 4. If line 5 is larger than line 4, enter zero................................................................ 6 2 3 00 2,480 00 00 00 10 00 00 7 Multiply line 6 by the Family Size Tax Credit for Family Size 1 decimal amount __ . __ __ ( __ __ __ %) and enter here (see instructions on page 2).................................................................................................................. 7 00 00 Enter Kentucky Use Tax due on Internet, mail order, or other out-of-state purchases (see instructions)........... 9 00 Add lines 8 and 9. This is your Total Tax Liability ............................................................................................. 10 00 Enter Kentucky Income Tax withheld as shown on enclosed Schedule KW-2..................................................... 11 00 If line 11 is larger than line 10, enter AMOUNT OVERPAID (see instructions)......................................................... 12 00 8 Subtract line 7 from line 6. This is your Income Tax Liability .......................................................................... 8 9 10 11 12 13 Fund Contributions; see instructions. (a) Nature and Wildlife Fund....... (e) Farms to Food Banks Trust Fund ........ 00 00 00 00 00 00 00 (b) Child Victims’ Trust Fund....... (f) Local History Trust Fund...................... 00 (c) Veterans’ Program Trust Fund... (g) Special Olympics Kentucky................ (d) Breast Cancer Research/ (h) Pediatric Cancer Research Trust Fund ... 00 Education Trust Fund.............. (i) Rape Crisis Center Trust Fund ............ 00 14 Add lines 13(a) through 13(i)............................................................................................................................... 14 15 16 Subtract line 14 from line 12. Amount to be refunded to you ........................................... 15 00 REFUND REFUND OPTIONS Check here if you would like your refund issued on a Bank of America Prepaid Debit Card Check here if you would like to receive your Debit Card material in Spanish OWE If line 10 is larger than line 11, enter amount you owe........................................................................ 16 00 I, the undersigned, declare under penalties of perjury that I have examined this return, including any accompanying statements, and to the best of my knowledge and belief, it is true, correct and complete. ( ) Your Signature Driver’s License/State Issued ID No. Date Signed Typed or Printed Name of Preparer Other Than Taxpayer I.D. Number of Preparer Date Signed Telephone Number (daytime) MAIL TO: 42A740-EZ (14JUL17) Kentucky Department of Revenue P. O. Box 856970 Louisville, KY 40285-6970 PAYMENTS REFUNDS May the DOR discuss this return with this preparer? ¨ Yes ¨ No MAIL TO: l l l Kentucky Department of Revenue P. O. Box 856980 Louisville, KY 40285-6980 Make check payable to Kentucky State Treasurer Include your Social Security number and “KY Income Tax—2017” Visit www.revenue.ky.gov for electronic payment options Page 1 of 2 Form 740-EZ (2017) Who May Use Form 740-EZ—You may use Form 740-EZ if all five of the following apply: you were a Kentucky resident for the entire year; you are filing federal Form 1040EZ; your filing status is single; you do not claim additional credits for being age 65 or over, blind, or a member of the Kentucky National Guard at the end of 2017; and you had only wages, salaries, tips, unemployment compensation, taxable scholarship or fellowship grants, and your taxable interest was $1,500 or less. If you do not meet all five of the above requirements, see Form 740 instructions. When to File—The 2017 Form 740-EZ and any tax due must be postmarked no later than April 17, 2018, to avoid penalties and interest. Social Security Number—You are required to provide your social security number per Section 405, Title 42, of the United States Code. This information will be used to establish your identity for tax purposes only. COMPLETING FORM 740-EZ—For more information, see the General Instructions. You may also contact the Department of Revenue in Frankfort at (502) 564-4581 or a Kentucky Taxpayer Service Center. Please print your numbers inside the boxes with black ink. Do not use dollar signs. Political Party Fund Designation—You may designate $2 of your taxes to either the Democratic or Republican party if you have a tax liability of at least $2. LINE-BY-LINE INSTRUCTIONS Line 1—Enter federal adjusted gross income from Form 1040EZ, Line 4. (Do not confuse federal adjusted gross income with federal taxable income shown on the federal return.) If $16,040 or less, see instructions for Line 7 and enter the decimal amount on Line 7. If you are not required to file a federal income tax return, enter the total income from sources within and without Kentucky. Line 2—The standard deduction of $2,480 has been preprinted. If your itemized deductions exceed $2,480, it will benefit you to file Form 740 and itemize your deductions on Schedule A. Line 4—Compute your tax using the following tax rate schedule. If taxable income is: $ Tax before credit is: 0 — $3,000................. 2% of taxable income $3,001 — $4,000................. 3% of taxable income minus $30 $4,001 — $5,000................. 4% of taxable income minus $70 $5,001 — $8,000................. 5% of taxable income minus $120 $8,001 — $75,000................. 5.8% of taxable income minus $184 $75,001 and up...................... 6% of taxable income minus $334 Example: (Taxable income) $8,500 x 5.8% – $184 = $309 Note: An optional tax table is available online at www.revenue.ky.gov or by calling the Department of Revenue, (502) 564-4581. Line 7—Family Size Tax Credit—For single persons eligible to file Form 740-EZ, Kentucky family size is one and Kentucky modified gross income is equal to federal adjusted gross income. A family size tax credit is allowed for single persons whose Kentucky modified gross income is not over $16,040. If over $16,040, you do not qualify for this tax credit. Skip Line 7. 42A740-EZ (14JUL17) Page 2 of 2 INSTRUCTIONS—FORM 740-EZ Enter in the space provided the decimal amount from the following table. Family Size One Percent of Tax as Family Size Tax Credit If the Kentucky modified gross income (Line 1) is: Enter decimal amount on Line 7 over but not over $ 0 $12,060....................... 1.00 (100%) $12,060 $12,542....................... 0.90 (90%) $12,542 $13,025....................... 0.80 (80%) $13,025 $13,507....................... 0.70 (70%) $13,507 $13,990....................... 0.60 (60%) $13,990 $14,472....................... 0.50 (50%) $14,472 $14,954....................... 0.40 (40%) $14,954 $15,316....................... 0.30 (30%) $15,316 $15,678....................... 0.20 (20%) $15,678 $16,040....................... 0.10 (10%) Multiply amount on Line 6 by decimal amount. Enter result on Line 7. This is your Family Size Tax Credit. Line 9, Kentucky Use Tax—Enter 6 percent of out-of-state purchases for use in Kentucky on which sales tax was not charged. Include Internet and catalog purchases, subscriptions, furniture, carpet, boats, etc. Line 11, Kentucky Tax Withheld—Enter the amount of Kentucky income tax withheld as shown on your Schedule KW-2. This schedule must be enclosed with your return. It is no longer necessary to submit Form W-2s, 1099s, and W2-Gs with your return. Please retain these forms with your records and provide upon request. Line 12—If the amount on Line 11 (Kentucky Tax Withheld) is more than the amount on Line 10 (Total Tax Liability), you have an overpayment and are due a refund. Subtract Line 10 from Line 11, and enter the difference on Line 12 as an overpayment. However, if your Total Tax Liability on Line 10 is larger than Line 11, you owe additional tax. Subtract Line 11 from Line 10 and enter on Line 16. Line 13—If you show an overpayment on Line 12, you may contribute to: (a) the Nature and Wildlife Fund, (b) the Child Victims’ Trust Fund, (c) the Veterans’ Program Trust Fund, (d) the Breast Cancer Research and Education Trust Fund, (e) the Farms to Food Banks Trust Fund, (f) the Local History Trust Fund, (g) Special Olympics Kentucky, (h) the Pediatric Cancer Research Trust Fund, and/or (i) the Rape Crisis Center Trust Fund. Donations are voluntary and amounts donated will be deducted from your refund. Enter the amount(s) you wish to contribute on Lines 13(a) through 13(i). The total of these amounts cannot exceed the amount of the overpayment. Line 16—You must pay any tax due shown on Line 16. Make check payable to Kentucky State Treasurer, and attach it to your return. On the face of the check, please write “KY Income Tax–2017” and your Social Security number. Underpayment of Estimated Tax—You may have to pay a penalty if the amount owed is more than $500 and the amount owed is more than 30 percent of the income tax liability on Line 8. You may choose to have the Department of Revenue calculate the penalty for you. If you owe a penalty a bill will be sent. However, if you want to calculate the penalty yourself on Form 2210-K, you must file Form 740 to do so. Interest and Penalties—File your return and pay any additional tax due by April 17, 2018, to avoid interest and penalties. See the General Instructions or contact the Department of Revenue for additional information.
Form 740-EZ
More about the Kentucky Form 740-EZ Individual Income Tax Tax Return
If you're an individual with relatively simple taxes you may qualify to file the simplified tax form 740-EZ.
We last updated the Kentucky Simple Individual Income Tax Return (OBSOLETE) in March 2021, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Kentucky Department of Revenue. You can print other Kentucky tax forms here.
Other Kentucky Individual Income Tax Forms:
TaxFormFinder has an additional 129 Kentucky income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form 740 | Kentucky Individual Income Tax Return |
| Income Tax Instructions | Form 740 Individual Full Year Resident Income Tax Instructions Packet |
| Schedule M (740) | Kentucky Federal Adjusted Gross Income Modifications |
| Form 740-ES | Estimated Income Tax Return |
| Schedule KW-2 | Kentucky Income Tax Withheld |
View all 130 Kentucky Income Tax Forms
Form Sources:
Kentucky usually releases forms for the current tax year between January and April. We last updated Kentucky Form 740-EZ from the Department of Revenue in March 2021.
Form 740-EZ is a Kentucky Individual Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Kentucky Form 740-EZ
We have a total of seven past-year versions of Form 740-EZ in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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