Kentucky Kentucky Simple Individual Income Tax Return (OBSOLETE)

Kentucky Simple Individual Income Tax Return (OBSOLETE)
Form 740-EZ
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.