What Is The Standard Deduction For 2024 In Ky. What is kentucky’s standard deduction? The 2024 state standard deduction is $3,160 and the 2024 state tax rate is 4 percent of taxable income.

The standard deduction, which kentucky has, is a deduction that is available by default to all taxpayers who do not instead choose to file an itemized deduction. On february 17, 2023, kentucky governor andy beshear signed into law h.b.1, which lowers the state personal income tax rate to 4.5% retroactive to january 1, 2023, and to.