Below is a list of income that can be subtracted from your Kansas return:
Kansas Public Employee Retirement System (KPERS) Lump Sum Distributions
If you were an employee who terminated KPERS employment after 7/1/84, and elected to receive your contributions in a lump sum distribution and reported the taxable contributions on your federal return, subtract the amount of withdrawn accumulated contributions or partial lump sum payments to the extent either is included in your federal AGI.
State Income Tax Refund
You may subtract the taxable state income tax refund that was included in your federal AGI.
Qualified Exempt Retirement Benefits
If you are receiving retirement benefits/pay, you may subtract the retirement benefits exempt from Kansas income tax (do not include Social Security benefits on this line).
Contributions to Learning Quest Education Savings Program
You may subtract contributions made to the Learning Quest Education Savings Program or qualified 529 plan up to $3,000 per student or $6,000 per student if filing a joint return.
Armed Forces Recruitment, Sign-up or Retention Bonus
You may subtract the amounts received as a sign-up or retention bonus from the Armed Forces as long as it was included in your federal AGI.
Global intangible low-taxed income (GILTI)
For tax years starting after December 31, 2020, 100% of global intangible low-taxed income that is included in federal taxable income before any deductions, is allowed to be subtracted from Kansas returns.
Contributions to an ABLE Savings Account
You may subtract contributions made to a qualified ABLE program up to $3,000 per beneficiary or $6,000 per beneficiary if filing a joint return.
Disallowed Business Interest Deduction
For tax years starting after December 31, 2020, business interest income that is included in federal taxable income before any deductions, is allowed to be subtracted from Kansas returns.
Disallowed Business Meal Expenses
For tax years starting after December 31, 2020, business meal expenses that are included in federal taxable income before any deductions, is allowed to be subtracted from Kansas returns. returns.
Qualified Contributions to a First Time Home Buyer savings account
You may subtract the amount of contributions you made to a first-time home buyer savings account. Single taxpayers can subtract up to $3,000, while joint filers can subtract up to $6,000.
- Kansas Venture Capital, Inc. Dividends
- KPERS Lump Sum Distributions
- Partnership, S Corporation, or Fiduciary Adjustments
- S Corporation Privilege Adjustment
- Sale of Kansas Turnpike Bonds
- Electrical Generation Revenue Bonds
- Native American Indian Reservation Income
- Amortization – Energy Credits
- Organ Donor Expenses
- Exclusion of compensation fraudulently obtained by another
How do I enter this within the program?
To enter these subtractions on your Kansas return, follow the steps below:
- State Section
- Edit Kansas state return
- Subtractions from Income
For more information on these subtractions and credits, please click here.