TAXES 19-35, Kentucky State Income Tax Withholding
Published: December 31, 2019
Effective: Pay Period 26, 2019
Summary
The annual allowance amount, per exemption claimed, will increase from $2,590 to $2,650 for the State of Kentucky. No action on the part of the employee or the personnel office is necessary.
Tax Formula
State Abbreviation: |
KY |
State Tax Withholding State Code: |
21 |
Acceptable Exemption Form: |
K-4 |
Basis for Withholding: |
N/A or Flat Rate |
Acceptable Exemption Data: |
None |
TSP Deferred: |
Yes |
Special Coding: |
None |
Additional Information: |
None |
Withholding Formula (Effective Pay Period 26, 2019)
- Subtract the nontaxable biweekly Thrift Savings Plan contribution from the gross biweekly wages.
- Subtract the nontaxable biweekly Federal Health Benefits Plan payment(s) (includes dental and vision insurance program and flexible spending account-health care and dependent care deductions) from the amount computed in step 1.
- Add the taxable biweekly fringe benefits (e.g., taxable life insurance) to the amount computed in step 2 to obtain the adjusted gross biweekly wages.
- Multiply the adjusted gross biweekly wages by the number of pay dates in the tax year to obtain the gross annual wages.
- Subtract the standard deduction of $2,650 from the result of step 4 to compute the taxable income.
- Apply the flat tax rate of 5 percent to the annual taxable wages in step 5 to determine the annual tax amount.
- Divide the annual Kentucky tax withholding calculated in step 6 by the number of pay dates in the tax year to obtain the biweekly Kentucky tax withholding.
Resources
To view the updated tax formula, go to the
page from the drop-down menu on the National Finance Center (NFC) Home page. Select the tab and select from the menu to launch the tax map. Select the desired State from the map provided for the formula.Inquiries
For questions about NFC processing, authorized Servicing Personnel Office representatives should contact the NFC Contact Center at
or via the customer service portal.