Goldenseal Payroll
Software Info
US Federal Withholding
Tables
Free 2021 Payroll
Tax Table Updates
|
Kentucky has state income tax withholding. The standard deduction changed in 2021. (tax rates
have changed in 17 of the past 31 years, mostly on even years)
Kentucky withholding
formulas changed signficantly back in 2019.
It's now a flat 5% tax rate for everyone, instead of a graduated tax table. Just one standard deduction. We still use a two-step table so it's easier to go back, in case the Kentucky legislature changes their mind. Both steps just calculate the flat tax amount.
HINT-- Turtle Creek Software provides free annual updates for
US federal and Kentucky tax withholding rates.
Kentucky
State Withholding Instructions |
To enter withholding information for an employee in your Goldenseal company file,
follow these steps:
- Choose
Employees from the
Accounts menu.
- Locate
the employee record.
- Click
the Payroll Setup
button.
- Enter
the employee's marital
status into the Marital
Status field
(see note below).
- Enter
the number of federal
dependents into the
Federal Exemptions
field.
- Enter
the number of Kentucky
dependents into the
State Exemptions
field.
- Enter
the Kentucky
Tax Package
into
the Tax
Package
field. HINT--
If you
don't
see it
in the
list,
you'll
need
to import the
tax info
first.
- Click
OK.
|
Kentucky
State Unemployment Tax Instructions |
Kentucky state unemployment tax is calculated
on the first $11,100 of
wages for each employee
(2021 cutoff limit). For new companies,
the starting rate is
2.7%. After the first
year, the rate is different
for each company,
based on your past
hiring experience.
To enter your Kentucky SUTA tax rate
into the Goldenseal
business payroll
software, follow
these steps:
- Choose
Payroll Setup from
the Costs menu, and
choose Tax Items
from the submenu.
- You'll
see a list of Tax
Items. Locate the
Kentucky SUTA tax
in the list, and
double-click on it. HINT:
If you don't see
SUTA in the list,
you'll need to import the
Kentucky payroll
info first.
- Enter
your business SUTA
percentage to the
right of Calculation
method.
- If
the cutoff amount
has changed, enter
it into the dollar
field to the right
of First Adjustment.
|
Kentucky
Marital Status |
Enter one of the following values in the Marital
Status field for each employee:
- Single-
single employee with
one personal exemption
- Married-
married employee
with two personal
exemptions
- Dual
Income- married
employee with one
personal exemption
- Head
of House- employee
claims Head of
Family status
- Other-
not used
|
Kentucky
Tax Contacts |
Withholding taxes website
Payroll Tax Office-- 502 564-4580
Forms-- 502 564-3658
SUTA-- 502-564-2900 or 502 564-2272
Kentucky Property & Mail Services
Revenue Cabinet
859 E Main
Frankfort KY 40620 |
Official
State Lawn Ornament |
Horse droppings.
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