Workforce Tax Services - Employment Tax Advisory Services Go here for the 1099 specifications if filing on CD (online filing not allowed).įor more information, see the Department's website or contact the Department's Withholding Tax Section by e-mail, phone +1 5, or fax +1 5.įor additional information concerning this Alert, please contact: The K-5 print-and-mail option is only available for those reporting fewer than 26 withholding statements.įor more information on electronic and CD reporting, see the 2019 Form W-2 specifications. Form K-5 is completed online and either filed electronically by clicking the submit button or printed with a barcode and mailed to DOR. Employers are instructed to retain the Forms W-2 for their records and only provide copies upon request. Paper copies of Forms W-2 should not be mailed to the Department those received by the Department will not be processed and will not be considered filed.
Forms 1099 are only filed with the Department if state income tax was withheld.Įmployers reporting fewer than 26 Forms W-2 that cannot file electronically or on CD are required to file Form K-5, Employer's Report of Withholding Tax Statements, listing the information from the Forms W-2 on Form K-5, rather than submitting the actual Forms W-2. No extensions will be granted.Įmployers submitting 26 or more Forms W-2/1099 to the Department must do so electronically over the Department's website (preferred method) or on CD-ROM. The deadline for filing the 2019 Forms W-2 is January 31, 2020.
Withholding tax exemptions eliminated, state Form K-4 only used for exemption statusĮffective with tax years beginning on and after January 1, 2018, there are no longer any withholding tax exemptions allowed and the 2020 Form K-4, Kentucky Withholding Certificate,?is only required to be completed by an individual declaring exemption status or who is requesting additional withholding per pay period.įorm K-4 also replaced Form K-4E, Special Withholding Exemption Certificate, by including the option to claim exemption from withholding under the remaining four types of exemptions.? If supplemental wages are paid at a different time, the employer determines the tax to be withheld by aggregating the supplemental wages either with the regular wages for the current payroll period or with the regular wages for the last preceding payroll period within the same calendar year.Īlthough the regulations do not provide for a flat supplemental withholding rate, the new flat rate of 5% eliminates the need for one. Under Kentucky regulations (103 KAR 18:070) if supplemental wages are paid at the same time as regular wages, the tax to be withheld shall be determined as if the aggregate of the supplemental and regular wages were a single wage payment for the regular payroll period. Due to this change, all Kentucky taxpayers are taxed at 5% with an allowance for the standard deduction. The Kentucky 2020 standard deduction amount increases to $2,650, up from $2,5.Īs we reported previously, effective with tax years beginning on and after January 1, 2018, Kentucky enacted a flat 5% income tax rate (HB 366), replacing the graduated personal and corporate income tax tables.
All of these publications are available here. The Kentucky Department of Revenue released the 2020 income tax withholding computer formula and wage-bracket tables and the withholding tax guide. Kentucky 2020 income tax withholding tables and computer formula released 2019 Form W-2 filing reminders
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