Kentucky DOR Announces Increase in Individual Income Tax Standard Deduction for 2022 Tax Year

The Kentucky Department of Revenue Sept. 14 announced the annual adjustment of the individual income tax standard deduction for the 2022 tax year. After adjusting for inflation, the standard deduction increases to $2,770 from $2,690. The amount will be incorporated into 2022 tax forms. Taxpayers should use the amount for tax planning for the new year. [Ky. Dep’t of Revenue, News Release, 09/14/21]

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