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J
jimmarsha
February 24, 2024
Question

Where on ky state tax do I put % of income exempt of state tax? Schedule P on paper

  • February 24, 2024
  • 1 reply
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1 reply

DawnC
DawnC
Employee
February 24, 2024

When you go through the KY return, look for the screen that says Pension Income.   Answer Yes there and you can take the exclusion. 

 

Kentucky allows pension income (including annuities, IRA accounts, 401(k) and similar deferred compensation plans, death benefits, etc.) paid under a written retirement plan to be excluded from income on the Kentucky return. 

 

For 2023 the exclusion amount is 100% of taxable retirement benefits, or $31,110, whichever amount is less.   The subtraction is figured for each taxpayer listed on the return.  

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